Nuveen - Tue, 02/25/2025 - 21:15

C-PACE outlook amid economic and political shifts

The current U.S. administration’s focus on energy independence, efficiency and pro-business policies are expected to provide favorable conditions for Commercial Property Assessed Clean Energy (C-PACE) to continue to scale.

From a policy standpoint, C-PACE is a state and locally legislated program which has received support from both Republican and Democratic controlled states, and has been passed under all presidential administrations since its inception in 2008. As markets adapt to volatile political and economic landscapes, we expect the asset class to continue to offer investors stable returns and opportunity.

Key highlights discussed include:

Insulation from federal policy shifts
Durability of sustainability in commercial real estate (CRE)
Macroeconomic tailwinds for originations growth
C-PACE in times of volatility

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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 three of the four leading insurance company rating agencies for its stability, claims-paying ability and overall financial strength. Ratings include A.M. Best (A++ as of 7/24), Fitch (AAA as of 8/24) and Standard & Poor's (AA+ as of 5/24), and the second highest possible rating from Moody’s Investors Service (Aa1 as of 10/24). There is no guarantee that current ratings will be maintained.
2. As of 31 December 2024.

Joseph Pursley, CIMA
Head of Insurance, Americas
Joseph.Pursley@Nuveen.com
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www.nuveen.com

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