With more than $1.3 trillion in assets under management, Nuveen‘s support provides strong financial resources and strategic capabilities to support CleanArc’s expansion efforts.
The investment will aid in fast-tracking the development of CleanArc‘s flagship data center campus in Virginia, designed to deliver 300 MW of capacity by Q1 2027. The site will receive two 300 MW transformers in late 2026, one of the largest 2N power deliveries to the Virginia global cluster for a data center campus. The groundbreaking for the new campus is scheduled for Q2 2025.
“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.”
As a strategic investor in Snowhawk and a global leader in infrastructure asset management, Nuveen’s investment reflects growing interest in digital infrastructure and deepens its exposure to CleanArc’s platform as demand accelerates across the sector.
“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.”
Snowhawk continues to lead as the majority stakeholder in CleanArc, now joined by Nuveen and Townsend Group as minority partners in growth.
“We’re proud to deepen our partnership with Nuveen through this strategic investment in CleanArc,” said Brian McMullen, Managing Partner and Co-Founder, Snowhawk Partners. “As a long-standing strategic partner to Snowhawk, 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.”
