Copenhagen Infrastructure Partners launches a new fund with first commitments of approx. DKK 8 bn/EUR 1.05 bn.
Copenhagen Infrastructure Partners is launching a new investment fund with eight institutional investors. The investors have made a total commitment of approx. DKK 8 bn/EUR 1.05 bn. The fund will focus on energy infrastructure investments in Northern and Western Europe, as well as in North America.
Eight Danish institutional investors, DIP, JØP, Lægernes Pensionskasse, PBU, Nordea, Nykredit, PFA and PensionDanmark, have committed a total of DKK 8 bn/EUR 1.05 bn to a new fund, Copenhagen Infrastructure II K/S. The new infrastructure fund is managed by Copenhagen Infrastructure Partners and will focus on investments within energy infrastructure such as biomass fired power plants, electricity transmission grid and onshore and offshore wind power.
”The return on this type of assets is often regulated or based on long term contracts, which make the return less volatile and relatively independent of general market conditions. It is in this specific area we specialize, and we are happy that we have been able to gather such a broad range of institutional investors,” says Christian Skakkebæk, partner in Copenhagen Infrastructure Partners.
The fund is open for commitments until the end of Q1, 2015. Copenhagen Infrastructure Partners expects a total commitment to the fund of DKK 10-12 bn/EUR 1.3-1.6 bn.
Copenhagen Infrastructure II is a 20 year ”buy-and-hold” fund, meaning that the fund, as a starting point, is expected to retain its investments throughout the entire lifetime of the fund. Copenhagen Infrastructure Partners expects that the fund will be invested within three years.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 110 employees and offices in Copenhagen, Taipei, New York, Tokyo, Utrecht, and London.
CIP manages six funds and has more than EUR 8 bn under management. CI I, CI A I and CI A II have PensionDanmark as founding- and sole investor. CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi-lateral organizations e.g. EIB. CI NMF I has 15 investors from the Nordics and Continental Europe.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.