US data centre developer CleanArc Data Centers has received an investment from to help with the development of its flagship data centre campus in Virginia.
CleanArc said the investment from the investment management arm of US financial services giant TIAA will help develop the campus in Virginia, designed to deliver 300MW of capacity by the first quarter of 2027.
Isela Bahena, managing director, Nuveen Infrastructure, said: 鈥漀uveen is focused on expanding its investment in digital infrastructure, and CleanArc stood out for its strong leadership, commercial traction and commitment to sustainability.
鈥淎s CleanArc continues to scale, we believe it鈥檚 well positioned to play a defining role in the future of data centre development.鈥�
Financial details were undisclosed.
CleanArc鈥檚 ownership structure now comprises Snowhawk Partners as the majority shareholder, with Nuveen and Townsend Group as minority partners.
James Trout, founder and CEO of CleanArc, said: 鈥漈he addition of Nuveen as an investment partner is a powerful endorsement of the leading-edge data centre platform we鈥檙e building. As one of the world鈥檚 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.
鈥淲ith this investment 鈥� alongside the support of Snowhawk Partners and Townsend Group 鈥� we鈥檙e accelerating our mission to deliver the industry鈥檚 most sustainable, future-ready data centres.鈥�
Brian McMullen, managing partner and co-founder, Snowhawk Partners, said: 鈥漌e鈥檙e proud to deepen our partnership with Nuveen through this strategic investment in CleanArc.
鈥淎s 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.鈥�
To read the latest 91传媒在线 magazine click here.
