Nuveen and Nuveen Green Capital (NGC), a Nuveen affiliate and leading provider of sustainable commercial real estate financing solutions, have announced $785 million in new capital commitments to Nuveen C-PACE Lending Fund III.
Nuveen Green Capital’s C-PACE lending strategy provides insurance investors with access to investment-grade impact assets, offering the potential for long-dated, steady returns while supporting much-needed capital expenditures on commercial properties. C-PACE is a public-private financing program led at the state level that provides building owners and developers with low-cost, long-term capital to fund commercial property improvements toward greater energy efficiency, water conservation and climate resiliency.
“While sustainability and impact remain key considerations for insurers and their investments, we also continue to see life insurers prioritizing longer duration, investment grade asset backed securities with attractive risk-adjusted
