Copenhagen Infrastructure Partners (CIP), a Danish fund management company investing in energy infrastructure, has raised €1.5 billion ($1.69 billion) in a first close of its Copenhagen Infrastructure IV (CI IV) investment vehicle.
The fund, which is targeting equity commitments of €5.5 billion ($6.2 billion), is expected to hold a final close in the next nine months, and is set to become the largest fund globally within renewable energy infrastructure investments, according to CIP.
CI IV was backed primarily by institutional investors, including Norway-based KLP andDanish pension funds PensionDanmark and AP Pension, as well as other pension funds, life companies and large family offices. Several other prominent institutional investors are in the process of committing to CI IV, including investors from the Nordics, continental Europe, the United Kingdom, Israel, North America, Asia and Australia, according to CIP.
“We are very pleased to reach [the] first
