Nuveen Invests $30M In CleanPlanet
Summary
Nuveen, the $1.3 trillion asset manager of TIAA, today announced a $30 million equity investment in CleanPlanet Chemical, a leading provider of recycling-as-a-service for industrial solvents. By investing in businesses that drive an inclusive transition to a low-carbon economy, the strategy aims to generate strong financial returns while delivering measurable social and environmental impact.Founded in 2012, CleanPlanet aligns with Nuveens private equity impact strategy by providing a sustainable alternative to traditional solvent disposal methods, serving industries such as flexible packaging, coatings, automotive and chemicals among many others. Currently, the company has hundreds of units in operation across various industries and geographies.Were excited to partner with Nuveen to accelerate the adoption of our technology, said Alex Richert, CEO of CleanPlanet. We are thrilled to partner with CleanPlanet to drive both financial returns for our investors and measurable benefits for the environment.Backed by TIAA, Nuveen has long been a leader in impact investing. The firm pursues positive social and environmental impact alongside competitive financial returns across various asset classes, offering a range of investment opportunities in both private and public markets.