Nuveen Backs Startup With $500 Million Debt for Clean Energy
New York-based Crux focuses on the transfer and sale of tax credits.
Photographer: Adam Gray/BloombergA clean-energy project finance startup received a $500 million debt facility from Nuveen Energy Infrastructure Credit to fund environmentally friendly projects.
New York-based Crux, which initially was built around transfer and sale of tax credits, said the proceeds will help expand its role as a general partner in clean energy and manufacturing investments.