Darien, Connecticut
Greenworks Lending

Greenworks Lending is the largest provider of commercial property assessed clean energy financing in the United States. An innovative financing mechanism enabled by state policy, C-PACE provides commercial property owners and developers with low-cost, long-term, fixed-rate financing for energy efficiency, water conservation and renewable energy projects, helping them reduce their energy bills and lower their carbon footprint. Led by several of the C-PACE industry’s founding policy developers and standard-setters, Greenworks Lending is active in more than 25 states and has provided financing for hundreds of projects across the country.
“In 2012, Greenworks co-founders Jessica Bailey and Ali Cooley launched the country’s first successful C-PACE program while working at the Connecticut Green Bank. Under their leadership, the program not only grew rapidly, but also quickly became the standard for C-PACE programs across the country,” said Ted Murphy, senior vice president of venture lending for Connecticut Innovations.
Milestones
Founded 2015
Acquired 2021
Team
Jessica Bailey
Alexandra Cooley
CI Highlights
First investment: 2017
First investment amount: $1.1 million
Total invested: $1.7 million
Leverage: $46.2 million
Team lead: Ted Murphy
Jobs Created
21

Greenworks Lending was acquired by Nuveen, the global investment manager of TIAA, in 2021.