Danish pension funds P+, the Pension Fund for Academics and Doctors’ Pension, and Lægernes Pension have invested DKK 1.5 billion ($220 million) to a climate-friendly credit fund, sponsored by the Danish asset manager Copenhagen Infrastructure Partners (CIP).
Each invested DKK 750 million ($109 million).
The goal is to deliver attractive returns to members through loans for renewable energy projects. In contrast to CIP’s previous funds, the Green Credit Fund is a credit fund where the goal is to support projects within renewable energy through loans for infrastructure projects.It focuses on both existing and new projects, such as onshore and offshore wind, solar and storage of green electricity in primarily Europe and North America.
“P+ already has investments in several of CIP’s funds, which have delivered satisfactory returns. We have a clear expectation that the credit fund can also deliver an attractive return to our members, at the same time as we i