CIP closes new fund EUR 1.5bn over target

With its hitherto widest assortment of investors, the Danish infrastructure fund has attracted capital commitments worth EUR 7bn for its latest fund, which is already starting to fill up with projects within wind, hydroelectric and waste-to-energy.

Photo: Copenhagen Infrastructure Partners

After a year spent hunting for capital, Copenhagen Infrastructure Partners' seventh fund has now reached its final close. An equal split between existing and new investors, not only from the Nordics but also the rest of Europe, North America, Asia and Australian, has oversubscribed the fund, CI IV, at its hard cap of EUR 7bn. The fund's initial target of EUR 5.5bn was reached in December.

"We are very pleased to welcome a prominent group of existing and new institutional investors to CI IV, and look forward to continuing to create value for our investors, project partners, and communities through the fund’s investments in greenfield renewable energy projects," writes CIP Managing Partner Jakob Baruël Poulsen in a statement.

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