Nuveen acquires C-PACE provider Greenworks Lending

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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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