Folksam, one of the largest insurance companies in Sweden, has invested SEK 5.6 billion ($535 million) in Copenhagen Infrastructure V (CI V), the fifth flagship fund of Copenhagen Infrastructure Partners (CIP).
In July, the investment vehicle completed its first closing, with €5.6 billion ($6.1 billion) in capital commitments from a large group of top institutional investors across continental Europe, the Nordics, the United Kingdom, North America and Asia Pacific.
Jakob Baruël Poulsen, managing partner for CIP, said Swedish institutions are an important part of the firm’s investor base and represent almost SEK 20 billion ($2 billion) in commitments in CIP’s five fund strategies.
With a target fund size of €12 billion ($13 billion), CI V is expected to become the world’s largest dedicated greenfield renewable-energy fund. CI V is aiming to add an estimated 20 gigawatts of new clean-energy capacity to the grid — enough to power more than 10 million a
