PensionDanmark approves $250m commitment

The Danish public pension has backed Copenhagen Infrastructure Partners' newest fund.

Institution: PensionDanmark
Headquarters: Copenhagen, Denmark
AUM: Dkr235.87bn
Allocation to alternatives: 24.30%
Bitesize: $50-100m

PensionDanmark has agreed to commit $250 million (Dkr1.7 billion) to Copenhagen Infrastructure New Markets Fund I according to a recent report on the pension’s website. CIP’s newest fund will be investing into renewables globally.

PensionDanmark has committed to the fund along with three other co-investers: Danish public pensions ATP and Lægernes Pension and Norwegian private pension KLP Insurance Pension Fund. Combined, the joint commitment is valued at $700 million (Dkr4.7 billion).

The Dkr235.87 billion Danish pension has a 12.0 percent target allocation to infrastructure that currently stands at 11.40 percent.

As illustrated in the charts below, PensionDanmark has made five commitments to infrastructure funds since 2017.

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