CIP raises EUR 800 million in first closing of new Energy Transition Fund
Only two months after final closing of the latest flagship fund, Copenhagen Infrastructure IV, Copenhagen Infrastructure Partners (CIP) has raised EUR 800 million in the first closing of a new fund, Copenhagen Infrastructure Energy Transition Fund I (CI ETF I). CI ETF I will invest in next generation green energy infrastructure. Plesner's Private Investment Fund team advised CIP on all stages of the fundraising.
CIP continues to write Danish business history by raising a new investment strategy focusing on next generation renewable energy infrastructure, including industrial scale Power-to-X projects. In that way, CIP enables institutional investors to participate in the decarbonisation of hard-to-abate industries, for example the transport and shipping industry.
The fund will be focusing on greenfield projects in primarily Western Europe, North America, Australia and OECD countries in Asia.
The fund is seeded with a portfolio of development projects. In the first closing, capital was raised from Nordic and German investors. The global fundraising continues with a target commitment of EUR 2.25 billion.
Plesner's Private Investment Funds team advised CIP on all stages of the structuring and formation of the fund.