Nuveen has closed a funding round exceeding $1 billion for its fourth C-PACE fund, pushing total commitments since inception to $3 billion, backed by strong demand from insurers.
Amount Raised
$1 Billion
Round Type
Venture - Series Unknown
Investors
Description
Nuveen and its affiliate Nuveen Green Capital have closed their first round exceeding $1 billion in commitments for Nuveen CPACE Lending Fund IV. The fund finances C-PACE upgrades, providing low-cost, long-term capital for energy efficiency improvements. Insurers are driving demand, with North American insurers increasing private fixed income allocations, particularly in C-PACE. The fund's growth aligns with the expanding C-PACE program now active in 39 states and the D.C
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Funding Insights
Based on industry dataNuveen Municipal Value Fund raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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