Copenhagen Infrastructure Partners raises €3.5bn

The Denmark-based fund management company closes third energy infrastructure fund at hard-cap.

Copenhagen Infrastructure Partners has reached the €3.5 billion hard-cap on its third fund, following commitments from 42 investors. CI III closed €500 million above its target and is €1.5 billion larger than its predecessor, which garnered investment from 19 LPs. Nearly all of CI II’s LPs have recommitted, except for Danish philanthropic group Villum Fonden. Australian, Taiwanese, Israeli and Swiss pension and insurance groups are among the new investors, adding to capital from Denmark, Sweden, Norway and the UK.

CI III is targeting investments in regulated and long-term contracted energy infrastructure, including offshore wind, onshore wind, solar PV, biomass and waste-to-energy, transmission and distribution, in addition to possible deals in the energy storage space, with a focus on greenfield deals in North America, north-west Europe and Asia-Pacific.