Nuveen -Thu, 03/14/2024 - 19:44

C-PACE: making an impact on insurance allocations

Commercial Property Assessed Clean Energy (C-PACE) has become increasingly popular with U.S. insurers due to the impact opportunities it can offer, as well as access to clean energy investments and the potential for attractive and stable risk-adjusted returns.

This latest whitepaper further examines C-PACE as a relatively new asset class and explores why its qualities are particularly appealing to U.S. institutional clients, and insurance companies specifically.

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Nuveen

Nuveen is the asset manager for TIAA, one of the world’s most highly rated and financially stable insurance companies¹. We leverage our deep expertise in partnering with insurance clients to tailor capital-efficient solutions to meet complex portfolio construction needs. Our platform of $1.3 trillion in AUM² offers differentiated investments across private credit and private equity, real assets, fixed income, and responsible investing focused strategies. For more information, please visit www.nuveen.com/insurance.

1. TIAA is one of only three insurance groups in the United States to currently hold the highest possible rating from all four leading insurance company rating agencies: A.M. Best (A++ rating affirmed as of July 25, 2024), Fitch (AAA rating affirmed as of August 26, 2024), Standard & Poor's (AA+ rating affirmed as of May 29, 2024) and Moody’s Investors Service (Aa1 rating affirmed as of May 21, 2025). There is no guarantee that current ratings will be maintained.
2. As of 31 March 2025.

Joseph Pursley, CIMA
Head of Insurance, Americas
Joseph.Pursley@Nuveen.com
445-245-1063

Nuveen, a TIAA Company
333 W. Wacker Drive
Chicago, IL 60606

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