Copenhagen Infrastructure Partners raises €2b for new fund

by Andrea Waitrovich

Copenhagen Infrastructure Partners has held a €2 billion ($2.21 billion) final close for its new investment fund, Copenhagen Infrastructure II K/S.

The fund’s focus will be on investments in energy infrastructure in northern and western Europe as well as North America, primarily renewable energy investments. CIP targets projects that hold long-term contracts with industrial partners to deliver steady returns.

The fund was established in September 2014 with initial commitment from eight Danish institutional investors: PensionDanmark, Lægernes Pensionskasse, PBU, JØP, DIP, Nykredit, PFA and Nordea.

Since then Kommunal Landspensjonskasse (NO), Lærernes Pension, the European Investment Bank (EIB), AP Pension, SEB Pension (DK), Oslo Pensjonsforsikring (NO), SEB Pension och Försäkring (SE), a U.K. pension fund managed by The Townsend Group (U.K.), T&W Holding A/S (DK), LB Forsikring (DK) and VILLUM FONDEN (DK) have made commitments to Copenhagen Infrastructure II K/S.

The mega-fund closing follows the $3 billion final close for ISQ Global Infrastructure Fund  I, managed by Squared Capital; the equity raise of $2.96 billion for EnCap Energy Capital Fund X, an energy fund managed by EnCap Investments; and the $1 billion final close for Pantheon Global Infrastructure Fund II, managed by Pantheon.

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