Nuveen acquires C-PACE provider Greenworks Lending

By Jennifer Kang
24 Feb 2021

Nuveen is breaking into the property assessed clean energy (PACE) market through its acquisition of Greenworks Lending. According to Nuveen, this is the outcome of a long-term relationship it has forged with Greenworks since 2017, when the lender issued the first ever C-PACE securitization with Nuveen as the lead investor.

Greenworks Lending is a private commercial PACE provider that focuses on financing the real estate market. Through the acquisition, Nuveen will be able to gain a foothold in the clean energy and energy efficiency lending market through the acquisition, the company said in a statement.

Moreover, the acquisition will ...

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