Copenhagen Infrastructure Partners, a fund management company focused on energy infrastructure, has held a third close on its new fund Copenhagen Infrastructure III (CI III), raising €1.9 billion ($2.18 billion) in total equity commitments.

Copenhagen Infrastructure Partners initiated fundraising for the new fund on March 8, 2017, with a target fund size of €3 billion ($3.44 billion). The fund will be open for investor subscription until December 2017.

Copenhagen Infrastructure III will have the same focus as CIP’s previous funds, investing in energy infrastructure with stable cash flows, including onshore and offshore wind farms, solar energy, biomass-fired power plants, and transmission grid systems, primarily in Northwestern Europe and North America.

Most investors in the existing CIP-managed funds decided to invest in the new fund, but CIP also obtained commitments from new investors as well, said Jakob Baruël Poulsen, managing partner at the firm. Th