CIP’s New Fund Hits EUR 3.5 Billion Hard Cap

Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), has held a final close at the EUR 3.5 billion hard cap, exceeding the EUR 3 billion target fund size.

The fund obtained commitments from 42 institutional investors comprised of pension companies, insurance companies, family offices, and asset/fund managers, CIP said.

CI III has been formed to primarily invest in projects in regulated and long-term contracted energy infrastructure and has a strong investment pipeline which includes ownership or exclusivity rights to more than 15 projects currently being developed towards financial close.

The portfolio amounts to around EUR 3 billion in potential investment volume and provides diversification across offshore wind, onshore wind, solar PV, biomass/waste-to-energy, geothermal, and reserve capacity in North America, Northwestern Europe and the Asia Pacific.

“CIP is very pleased to reach a CI III final close with a large and international group of 42 institutional blue chip investors. CI III broadens CIP’s investor base to include a diverse range of investors in Australia, Asia, continental Europe, UK, and Israel, which complements the primarily Nordic investors in the predecessor funds. Nearly all existing investors in CI II committed new funds to CI III,” said Jakob Baruël Poulsen, Managing Partner at CIP.

“With total commitments of EUR 3.5 bn corresponding to the fund’s hard cap, CIP is in a strong position to execute the fund’s investments in a large pipeline of attractive energy infrastructure projects sourced and developed over recent years.

CIP is currently involved in offshore wind projects in Germany, Scotland, the USA, Canada, Taiwan, and Australia.