{"success":true,"data":{"pressRelease":{"id":"126813","rtpr_id":"nPn4XyFgTa","ticker":"TLBDX","exchange":"NASDAQ","all_tickers":["TLBDX"],"title":"Nuveen Announces Closing of the Fourth Vintage of CPACE Lending Fund Series, Bringing Total Commitments to Over $3 Billion Since Inception in 2023","author":"PR Newswire","published_at":"2026-08-25T11:00:03.445Z","article_body":"Nuveen Announces Closing of the Fourth Vintage of CPACE Lending Fund Series, Bringing Total Commitments to Over $3 Billion Since Inception in 2023\n\nPR Newswire\n\nNEW YORK, Aug. 25, 2026\n\nContinued Investor Demand Led by Insurers Underscores Growing Appeal\nfor Scaled Exposure to the C-PACE Asset Class\n\nNEW YORK, Aug. 25, 2026 /PRNewswire/ -- Nuveen, one of the largest asset\nmanagers globally with over $1.4 trillion AUM(1), and Nuveen Green Capital\n(\"NGC\"), a Nuveen affiliate and a leading provider of sustainable commercial\nreal estate financing solutions with over $6 billion in AUM, today announced a\nfirst close exceeding $1 billion in new capital commitments for Nuveen CPACE\nLending Fund IV. This brings total commitments to the Fund Series to $3\nBillion since the series' inception in 2023.\n\nFounded in 2015, Nuveen Green Capital is a pioneer in Commercial Property\nAssessed Clean Energy (C-PACE) financing. C-PACE is a public-private financing\nprogram administered at the state level that provides building owners and\ndevelopers with low-cost, long-term private capital for these upgrades.\n\nNuveen CPACE Lending Fund IV builds on the momentum of Nuveen Green Capital's\n73% year-over-year growth, driven by proprietary originations volume from\nvertically integrated originations and investment management. Consistent with\nprior vintages, Fund IV provides investors with predictable deployment into\nattractive investment-grade assets that offer the potential for long-dated,\nsteady returns while financing capital improvements that make commercial\nbuildings more energy efficient, water efficient, and climate resilient.\n\n\"Investors have committed to this strategy across four vintages because the\nfundamentals remain steady throughout variable market cycles. NGC's vertically\nintegrated platform continues to deliver a scaled, proprietary flow of C-PACE\nassets originated with established sponsors, combining compelling economics\nwith measurable impact,\" said Alexandra Cooley, CEO and CIO of Nuveen Green\nCapital. \"The momentum behind this raise has been bolstered by our track\nrecord of strong origination volume, deployment, and consistent performance.\nSince 2015, NGC has originated more than $6 billion in C-PACE financings\nacross securitizations. Fund IV strengthens our leadership position with\nincreasing balance sheet capacity that institutional borrowers value.\"\n\nNuveen's 2026 EQuilibrium survey of global institutional investors shows that\nNorth American insurers continue to prioritize private fixed income, with 46%\nplanning to increase their private fixed income allocations over the next two\nyears — and among those, 53% identify private asset-backed securities like\nC-PACE as a key target asset class.(2)\n\n\"The continued growth in commitments from across four funds tells us that\ninsurers aren't just testing this asset class – they're building meaningful,\nrepeatable allocations to it,\" said Joseph Pursley, Nuveen Head of Insurance,\nAmericas. \"Life insurers in particular continue to prioritize longer duration,\ninvestment grade, asset-backed securities with attractive risk-adjusted\nreturns, and NGC's C-PACE strategy consistently delivers on that mandate while\nadvancing climate resiliency at scale. The demand we're seeing for Fund IV –\nincluding new insurance LPs – reinforces that this is becoming a durable,\ncore allocation for insurance portfolios rather than a one-off commitment.\"\n\nGrowth of the asset class is supported by continued expansion of the C-PACE\nprogram, which is now active in 39 states plus the District of Columbia. As\nmore states adopt C-PACE legislation and refine their programs, NGC's\naddressable market continues to widen, further supporting the origination\npipeline behind Fund IV. This is reflected in the diversity of transactions\nclosed across the platform in 2025 – from $5 million transactions to those\nexceeding hundreds of millions, such as The Geneva, a landmark\noffice-to-residential conversion in Washington, D.C., the largest C-PACE\nfinancing in history.(3)\n\nMedia Contact\n\nAndrew Chironna, Andrew.Chironna@nuveen.com\n(mailto:Andrew.Chironna@nuveen.com) , 212-913-1015\n\nAbout Nuveen\n\nNuveen is a global investment leader, managing $1.4T in public and private\nassets for clients around the world, as of June 30, 2026. With broad expertise\nacross income and alternatives, we invest in the growth of businesses, real\nestate, infrastructure, and natural capital, providing clients with the\nreliability, access, and foresight unique to our 125+ year heritage. Our\nprevailing perspective on the future drives our ambition to innovate and adapt\nour business to the changing needs of investors — all to pursue lasting\nperformance for our clients, our communities, and our global economy. For more\ninformation, please visit www.nuveen.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756769-1&h=838342904&u=http%3A%2F%2Fwww.nuveen.com%2F&a=www.nuveen.com)\n.\n\nThis vehicle is only available to accredited investors\n\nImportant information on risk\n\nPast performance is no guarantee of future results. All investments carry a\ncertain degree of risk, including the possible loss of principal, and there is\nno assurance that an investment will provide positive performance over any\nperiod of time. Certain products and services may not be available to all\nentities or persons. There is no guarantee that investment objectives will be\nachieved.\n\nInvestors should be aware that alternative investments are speculative,\nsubject to substantial risks including the risks associated with limited\nliquidity, the potential use of leverage, potential short sales and\nconcentrated investments and may involve complex tax structures and investment\nstrategies. Alternative investments may be illiquid, there may be no liquid\nsecondary market or ready purchasers for such securities, they may not be\nrequired to provide periodic pricing or valuation information to investors,\nthere may be delays in distributing tax information to investors, they are not\nsubject to the same regulatory requirements as other types of pooled\ninvestment vehicles, and they may be subject to high fees and expenses, which\nwill reduce profits.\n\nC-PACE assets are subject to various risks, including but not limited to:\nrisks of insufficient cash flow of the subject property due to impaired\noperations or value; risks of a decline in the real estate market or financial\nconditions of a major tenant; risks of delinquencies and defaults; failure of\nthe subject properties to complete agreed upon construction, repairs or\nimprovements or achieve projected energy savings; limited operating history of\ncertain subject properties; risk of assessments underlying certain C-PACE\nassets failing to comply with applicable state or local laws; risks of\ndisputes with subject property owners and mortgage lenders; environmental\ncontamination risks affecting the subject property; lack of industry-wide\nprepayment information available for commercial C-PACE assessments; and\nchanges in laws and policies impacting C-PACE programs.\n\nResponsible investing incorporates Environmental Social Governance (ESG)\nfactors that may affect exposure to issuers, sectors, industries, limiting the\ntype and number of investment opportunities available, which could result in\nexcluding investments that perform well.\n\nNuveen considers ESG integration to be the consideration of financially\nmaterial environmental, social and governance (ESG) factors within the\ninvestment decision making process. Financial materiality and applicability of\nESG factors varies by asset class and investment strategy. ESG factors may be\namong many factors considered in evaluating an investment decision, and unless\notherwise stated in the relevant offering memorandum or prospectus, do not\nalter the investment guidelines, strategy or objectives. Select investment\nstrategies do not integrate such ESG factors in the investment decision making\nprocess.\n\nThe data and claims included in the material have not been verified by an\nindependent third party.\n\nNuveen Green Capital is an indirect subsidiary of Nuveen LLC and Teachers\nInsurance and Annuity Association of America (TIAA) and a member of the TIAA\ngroup of companies.\n\n(1) As of June 30, 2026\n(2) Nuveen 2026 Global Institutional Investor Survey, EQuilibrium Insurance\nEdition\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756769-1&h=2069751834&u=https%3A%2F%2Fwww.nuveen.com%2Fglobal%2Four-clients%2Finsurance%2Fequilibrium%3Ftype%3Dus&a=EQuilibrium+Insurance+Edition)\n.\n(3) Commercial Observer, Nuveen Green Capital Originates Record C-PACE\nFinancing With $465M D.C. Deal\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756769-1&h=2207332742&u=https%3A%2F%2Fcommercialobserver.com%2F2026%2F01%2Fnuveen-cpace-financing-adaptive-reuse%2F&a=Nuveen+Green+Capital+Originates+Record+C-PACE+Financing+With+%24465M+D.C.+Deal)\n (January 6, 2026)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nuveen-announces-closing-of-the-fourth-vintage-of-cpace-lending-fund-series-bringing-total-commitments-to-over-3-billion-since-inception-in-2023-302858381.html\n(https://www.prnewswire.com/news-releases/nuveen-announces-closing-of-the-fourth-vintage-of-cpace-lending-fund-series-bringing-total-commitments-to-over-3-billion-since-inception-in-2023-302858381.html)\n\nSOURCE Nuveen\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS939782/Nuveen-Logo.jpg?id=OA2900691\nhttps://mmx.prnewswire.com/media/MS986467/Nuveen-GreenCapital-Logo.jpg?id=OA2900693\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn4XyFgTa","title":"Nuveen Announces Closing of the Fourth Vintage of CPACE Lending Fund Series, Bringing Total Commitments to Over $3 Billion Since Inception in 2023","author":"PR Newswire","ticker":"TLBDX","created":"2026-08-25T11:00:03.445Z","tickers":["TLBDX"],"exchange":"NASDAQ","article_body":"Nuveen Announces Closing of the Fourth Vintage of CPACE Lending Fund Series, Bringing Total Commitments to Over $3 Billion Since Inception in 2023\n\nPR Newswire\n\nNEW YORK, Aug. 25, 2026\n\nContinued Investor Demand Led by Insurers Underscores Growing Appeal\nfor Scaled Exposure to the C-PACE Asset Class\n\nNEW YORK, Aug. 25, 2026 /PRNewswire/ -- Nuveen, one of the largest asset\nmanagers globally with over $1.4 trillion AUM(1), and Nuveen Green Capital\n(\"NGC\"), a Nuveen affiliate and a leading provider of sustainable commercial\nreal estate financing solutions with over $6 billion in AUM, today announced a\nfirst close exceeding $1 billion in new capital commitments for Nuveen CPACE\nLending Fund IV. This brings total commitments to the Fund Series to $3\nBillion since the series' inception in 2023.\n\nFounded in 2015, Nuveen Green Capital is a pioneer in Commercial Property\nAssessed Clean Energy (C-PACE) financing. C-PACE is a public-private financing\nprogram administered at the state level that provides building owners and\ndevelopers with low-cost, long-term private capital for these upgrades.\n\nNuveen CPACE Lending Fund IV builds on the momentum of Nuveen Green Capital's\n73% year-over-year growth, driven by proprietary originations volume from\nvertically integrated originations and investment management. Consistent with\nprior vintages, Fund IV provides investors with predictable deployment into\nattractive investment-grade assets that offer the potential for long-dated,\nsteady returns while financing capital improvements that make commercial\nbuildings more energy efficient, water efficient, and climate resilient.\n\n\"Investors have committed to this strategy across four vintages because the\nfundamentals remain steady throughout variable market cycles. NGC's vertically\nintegrated platform continues to deliver a scaled, proprietary flow of C-PACE\nassets originated with established sponsors, combining compelling economics\nwith measurable impact,\" said Alexandra Cooley, CEO and CIO of Nuveen Green\nCapital. \"The momentum behind this raise has been bolstered by our track\nrecord of strong origination volume, deployment, and consistent performance.\nSince 2015, NGC has originated more than $6 billion in C-PACE financings\nacross securitizations. Fund IV strengthens our leadership position with\nincreasing balance sheet capacity that institutional borrowers value.\"\n\nNuveen's 2026 EQuilibrium survey of global institutional investors shows that\nNorth American insurers continue to prioritize private fixed income, with 46%\nplanning to increase their private fixed income allocations over the next two\nyears — and among those, 53% identify private asset-backed securities like\nC-PACE as a key target asset class.(2)\n\n\"The continued growth in commitments from across four funds tells us that\ninsurers aren't just testing this asset class – they're building meaningful,\nrepeatable allocations to it,\" said Joseph Pursley, Nuveen Head of Insurance,\nAmericas. \"Life insurers in particular continue to prioritize longer duration,\ninvestment grade, asset-backed securities with attractive risk-adjusted\nreturns, and NGC's C-PACE strategy consistently delivers on that mandate while\nadvancing climate resiliency at scale. The demand we're seeing for Fund IV –\nincluding new insurance LPs – reinforces that this is becoming a durable,\ncore allocation for insurance portfolios rather than a one-off commitment.\"\n\nGrowth of the asset class is supported by continued expansion of the C-PACE\nprogram, which is now active in 39 states plus the District of Columbia. As\nmore states adopt C-PACE legislation and refine their programs, NGC's\naddressable market continues to widen, further supporting the origination\npipeline behind Fund IV. This is reflected in the diversity of transactions\nclosed across the platform in 2025 – from $5 million transactions to those\nexceeding hundreds of millions, such as The Geneva, a landmark\noffice-to-residential conversion in Washington, D.C., the largest C-PACE\nfinancing in history.(3)\n\nMedia Contact\n\nAndrew Chironna, Andrew.Chironna@nuveen.com\n(mailto:Andrew.Chironna@nuveen.com) , 212-913-1015\n\nAbout Nuveen\n\nNuveen is a global investment leader, managing $1.4T in public and private\nassets for clients around the world, as of June 30, 2026. With broad expertise\nacross income and alternatives, we invest in the growth of businesses, real\nestate, infrastructure, and natural capital, providing clients with the\nreliability, access, and foresight unique to our 125+ year heritage. Our\nprevailing perspective on the future drives our ambition to innovate and adapt\nour business to the changing needs of investors — all to pursue lasting\nperformance for our clients, our communities, and our global economy. For more\ninformation, please visit www.nuveen.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756769-1&h=838342904&u=http%3A%2F%2Fwww.nuveen.com%2F&a=www.nuveen.com)\n.\n\nThis vehicle is only available to accredited investors\n\nImportant information on risk\n\nPast performance is no guarantee of future results. All investments carry a\ncertain degree of risk, including the possible loss of principal, and there is\nno assurance that an investment will provide positive performance over any\nperiod of time. Certain products and services may not be available to all\nentities or persons. There is no guarantee that investment objectives will be\nachieved.\n\nInvestors should be aware that alternative investments are speculative,\nsubject to substantial risks including the risks associated with limited\nliquidity, the potential use of leverage, potential short sales and\nconcentrated investments and may involve complex tax structures and investment\nstrategies. Alternative investments may be illiquid, there may be no liquid\nsecondary market or ready purchasers for such securities, they may not be\nrequired to provide periodic pricing or valuation information to investors,\nthere may be delays in distributing tax information to investors, they are not\nsubject to the same regulatory requirements as other types of pooled\ninvestment vehicles, and they may be subject to high fees and expenses, which\nwill reduce profits.\n\nC-PACE assets are subject to various risks, including but not limited to:\nrisks of insufficient cash flow of the subject property due to impaired\noperations or value; risks of a decline in the real estate market or financial\nconditions of a major tenant; risks of delinquencies and defaults; failure of\nthe subject properties to complete agreed upon construction, repairs or\nimprovements or achieve projected energy savings; limited operating history of\ncertain subject properties; risk of assessments underlying certain C-PACE\nassets failing to comply with applicable state or local laws; risks of\ndisputes with subject property owners and mortgage lenders; environmental\ncontamination risks affecting the subject property; lack of industry-wide\nprepayment information available for commercial C-PACE assessments; and\nchanges in laws and policies impacting C-PACE programs.\n\nResponsible investing incorporates Environmental Social Governance (ESG)\nfactors that may affect exposure to issuers, sectors, industries, limiting the\ntype and number of investment opportunities available, which could result in\nexcluding investments that perform well.\n\nNuveen considers ESG integration to be the consideration of financially\nmaterial environmental, social and governance (ESG) factors within the\ninvestment decision making process. Financial materiality and applicability of\nESG factors varies by asset class and investment strategy. ESG factors may be\namong many factors considered in evaluating an investment decision, and unless\notherwise stated in the relevant offering memorandum or prospectus, do not\nalter the investment guidelines, strategy or objectives. Select investment\nstrategies do not integrate such ESG factors in the investment decision making\nprocess.\n\nThe data and claims included in the material have not been verified by an\nindependent third party.\n\nNuveen Green Capital is an indirect subsidiary of Nuveen LLC and Teachers\nInsurance and Annuity Association of America (TIAA) and a member of the TIAA\ngroup of companies.\n\n(1) As of June 30, 2026\n(2) Nuveen 2026 Global Institutional Investor Survey, EQuilibrium Insurance\nEdition\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756769-1&h=2069751834&u=https%3A%2F%2Fwww.nuveen.com%2Fglobal%2Four-clients%2Finsurance%2Fequilibrium%3Ftype%3Dus&a=EQuilibrium+Insurance+Edition)\n.\n(3) Commercial Observer, Nuveen Green Capital Originates Record C-PACE\nFinancing With $465M D.C. Deal\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756769-1&h=2207332742&u=https%3A%2F%2Fcommercialobserver.com%2F2026%2F01%2Fnuveen-cpace-financing-adaptive-reuse%2F&a=Nuveen+Green+Capital+Originates+Record+C-PACE+Financing+With+%24465M+D.C.+Deal)\n (January 6, 2026)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/nuveen-announces-closing-of-the-fourth-vintage-of-cpace-lending-fund-series-bringing-total-commitments-to-over-3-billion-since-inception-in-2023-302858381.html\n(https://www.prnewswire.com/news-releases/nuveen-announces-closing-of-the-fourth-vintage-of-cpace-lending-fund-series-bringing-total-commitments-to-over-3-billion-since-inception-in-2023-302858381.html)\n\nSOURCE Nuveen\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS939782/Nuveen-Logo.jpg?id=OA2900691\nhttps://mmx.prnewswire.com/media/MS986467/Nuveen-GreenCapital-Logo.jpg?id=OA2900693\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-25T11:00:04.015496537Z","server_sent_at_ms":1787655604015},"received_at":"2026-08-25T11:00:04.071Z","source_url":"https://www.prnewswire.com/news-releases/nuveen-announces-closing-of-the-fourth-vintage-of-cpace-lending-fund-series-bringing-total-commitments-to-over-3-billion-since-inception-in-2023-302858381.html"},"analysis":{"id":"115738","press_release_id":"126813","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"operations_update","narrative":"Nuveen announced a first close exceeding $1 billion for the Nuveen CPACE Lending Fund IV, bringing total commitments across the series to $3 billion since inception in 2023.\n\nThe raise was driven by continued demand from insurers, with 46% planning to increase private fixed income allocations and 53% targeting asset-backed securities like C-PACE.\n\nNuveen Green Capital reported 73% year-over-year growth, noting that its vertically integrated platform has originated more than $6 billion in C-PACE financings since 2015.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Strong institutional demand validates Nuveen's $3B C-PACE fund series strategy."},"keyFigures":{"customDimensions":{"ngc_aum_usd":"$6 billion","ngc_yoy_growth":"73%","nuveen_aum_usd":"$1.4 trillion","fund_iv_first_close_usd":"exceeding $1 billion","total_series_commitments_usd":"$3 billion"}},"quotedText":"Investors have committed to this strategy across four vintages because the fundamentals remain steady throughout variable market cycles.","namedEntities":{"people":[{"name":"Alexandra Cooley","role":"CEO and CIO of Nuveen Green Capital"},{"name":"Joseph Pursley","role":"Head of Insurance, Americas"}],"products":["Nuveen CPACE Lending Fund IV","C-PACE","The Geneva"],"companies":[{"name":"Nuveen"},{"name":"Nuveen Green Capital"},{"name":"Teachers Insurance and Annuity Association of America","relationship":"parent company"}],"dollarAmounts":[{"amount":"exceeding $1 billion","context":"first close of Nuveen CPACE Lending Fund IV"},{"amount":"$3 billion","context":"total commitments to the Fund Series since inception"},{"amount":"$1.4 trillion","context":"Nuveen assets under management"},{"amount":"$6 billion","context":"Nuveen Green Capital assets under management"},{"amount":"$5 million","context":"lower range of transaction sizes closed in 2025"}]},"materialImpact":{"score":3,"reasoning":"The fund secured a first close exceeding $1 billion, bringing total commitments to the series to $3 billion since 2023, signaling strong institutional demand and validating the C-PACE strategy."},"tickerRelevance":{"others":[],"primary":"TLBDX"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"fund","eventGravity":"fund_close","sectorWeight":"financials"}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Nuveen announced a first close exceeding $1 billion for the Nuveen CPACE Lending Fund IV, bringing total commitments across the series to $3 billion since inception in 2023.\n\nThe raise was driven by continued demand from insurers, with 46% planning to increase private fixed income allocations and 53% targeting asset-backed securities like C-PACE.\n\nNuveen Green Capital reported 73% year-over-year growth, noting that its vertically integrated platform has originated more than $6 billion in C-PACE financings since 2015.","key_figures":{"customDimensions":{"ngc_aum_usd":"$6 billion","ngc_yoy_growth":"73%","nuveen_aum_usd":"$1.4 trillion","fund_iv_first_close_usd":"exceeding $1 billion","total_series_commitments_usd":"$3 billion"}},"named_entities":{"people":[{"name":"Alexandra Cooley","role":"CEO and CIO of Nuveen Green Capital"},{"name":"Joseph Pursley","role":"Head of Insurance, Americas"}],"products":["Nuveen CPACE Lending Fund IV","C-PACE","The Geneva"],"companies":[{"name":"Nuveen"},{"name":"Nuveen Green Capital"},{"name":"Teachers Insurance and Annuity Association of America","relationship":"parent company"}],"dollarAmounts":[{"amount":"exceeding $1 billion","context":"first close of Nuveen CPACE Lending Fund IV"},{"amount":"$3 billion","context":"total commitments to the Fund Series since inception"},{"amount":"$1.4 trillion","context":"Nuveen assets under management"},{"amount":"$6 billion","context":"Nuveen Green Capital assets under management"},{"amount":"$5 million","context":"lower range of transaction sizes closed in 2025"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-25T11:15:17.896Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"fund","eventGravity":"fund_close","sectorWeight":"financials"}},"durationMs":null,"modelName":"glm-4.7"}}