Nuveen Backs Crux With $500M to Expand Solar and Infrastructure Financing.
New York-based Crux has secured a $500 million debt financing facility from Nuveen’s Energy Infrastructure Credit arm to support its expanding pipeline of clean energy and infrastructure investments.
Founded in 2023 by Alfred Johnson and Allen Kramer, Crux operates a capital platform focused on connecting developers, investors, and capital markets to accelerate clean energy project financing.
The company specialises in tax equity and hybrid tax equity structures designed to improve the monetisation of clean energy tax credits, a mechanism that has gained importance in US renewable energy deployment.
Crux competes with major infrastructure investors including Brookfield Asset Management and BlackRock, while positioning itself around speed, data-driven underwriting, and flexible financing models.
Commenting on the facility, Alfred Johnson said:
“Our multi-disciplinary team, market-leading data, and AI-powered platform give us advantages in underwriting and executing deals across a growing, diversified pipeline. With this facility, we are well-positioned to invest at the speed and volume the current moment demands.”
The $500 million facility will be deployed across Crux’s US pipeline of solar, infrastructure, and other clean energy assets.
The company reports over $1 billion in signed term sheets and more than $9 billion in investor interest, reflecting strong demand for its financing platform.
Source: echfundingnews.com
