Copenhagen Infrastructure Partners (CIP) has held a first close for the second vintage of its CI Green Credit Fund, raising €1.3 billion ($1.5 billion) for a closed-end vehicle that aims to raise €2 billion ($2.3 billion). The fund provides credit solutions to renewable-energy projects and energy-transition companies in Europe, North America and Asia Pacific.
The fund has received investments from sovereign wealth funds, insurance companies and pension funds.
The predecessor, CI Green Credit Fund I, reached 100 percent of committed capital through investments in global technologies and debt structures.
