CleanArc Data Centers has announced a strategic investment from Nuveen, the investment manager of TIAA, marking another major milestone for the renewables-focused developer. With $1.3 trillion in assets under management, Nuveen brings significant financial strength and expertise as CleanArc ramps up development of its flagship 300 MW Virginia campus, breaking ground in Q2 2025 and set for delivery in early 2027.
“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. “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.”
Nuveen’s backing deepens its investment in digital infrastructure, with a focus on CleanArc’s strong leadership and sustainability vision. “As CleanArc continues to scale, we believe it’s well-positioned to play a defining role in the future of data center development,” said Isela Bahena, Managing Director, Nuveen Infrastructure.
Snowhawk remains the majority stakeholder, welcoming Nuveen alongside Townsend Group as growth partners. “We are delighted to welcome Nuveen as an investor in CleanArc and look forward to our continued partnership in powering the next wave of AI and cloud innovation,” said Brian McMullen, Managing Partner and Co-Founder, Snowhawk Partners.
