May 03, 2025 | Posted by Abdul-Rahman Oladimeji
US developer CleanArc Data Centers this week announced a strategic investment from Nuveen, the investment manager of the TIAA pension fund.
“Nuveen is focused on expanding its investment in digital infrastructure, and CleanArc stood out for its strong leadership, commercial traction, and commitment to sustainability,” said Isela Bahena, managing director, Nuveen Infrastructure. “As CleanArc continues to scale, we believe it’s well-positioned to play a defining role in the future of data center development.”
“The addition of Nuveen as an investment partner is a powerful endorsement of the leading-edge data center platform we’re building,” said James Trout, founder and CEO of CleanArc. “As one of the world’s largest asset managers with more than a century of experience, Nuveen is an ideal fit as we advance the next generation of renewables-focused hyperscale campuses. With this investment - alongside the support of Snowhawk Partners and Townsend Group - we’re accelerating our mission to deliver the industry’s most sustainable, future-ready data centers.”
