Danish infrastructure investment manager AIP Management has completed the first closing of its fifth fund, AIP V, raising approximately €2 billion ($2.3 billion) against its target of €3 billion ($3.5 billion).
AIP saw increased commitments from its investors as well as new institutional investors.
“The strong first close, combined with the quality of our early investments and our ongoing discussions with investors, provides encouraging momentum as we progress towards our target for December 2026,” said Amanda Tonsgaard, head of investor relations and partner of AIP. “We are encouraged by the early interest in the fund and humbled by the support we have received. We will continue to engage with investors openly as we work towards our next closing.”
With €10 billion ($12 billion) in assets under management, AIP was founded by PKA — now majority-owned by Storebrand — to manage long-term institutional capital at scale, with a focus on essential in
