Copenhagen Infrastructure Partners ends fundraising period for new fund with a total commitment of DKK 14.7bn / EUR ~2bn.
With 19 financial investors, Copenhagen Infrastructure Partners (CIP) establishes its new investment fund, Copenhagen Infrastructure II K/S. The investors have given a total commitment of approximately DKK 14.7 bn (EUR ~2bn). The fund’s focus will be on investments in energy infrastructure in Northern and Western Europe as well as North America, primarily renewable energy investments.
The fundraising period for CIP’s new infrastructure fund Copenhagen Infrastructure II K/S is now over. The fund was established ultimo September 2014 with initial commitment from eight Danish institutional investors (PensionDanmark, Lægernes Pensionskasse, PBU, JØP, DIP, Nykredit, PFA and Nordea).
Since then Kommunal Landspensjonskasse (NO), Lærernes Pension, the European Investment Bank (EIB), AP Pension, SEB Pension (DK), Oslo Pensjonsforsikring (NO), SEB Pension och Försäkring (SE), a UK pension fund managed by The Townsend Group (UK), T&W Holding A/S (DK), LB Forsikring (DK) and VILLUM FONDEN (DK) have made commitments to Copenhagen Infrastructure II K/S.
“We are proud to have this many leading investors in the fund, including a broad group of leading Danish institutional investors and several prominent foreign investors. The fund’s focus will be on investments in energy infrastructure with stable returns, such as biomass fired power plants, electricity transmission grids as well as onshore and offshore wind,” says Christian T. Skakkebæk, Senior Partner in Copenhagen Infrastructure Partners.
The fund is a 20-year “buy-and-hold” fund, which means that the fund as a base case expects to hold the investments throughout the entire lifetime of the fund.
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.