Copenhagen infrastructure partners closes fundraising for second fund at 2 billion

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Copenhagen infrastructure partners closes fundraising for second fund at 2 billion

Copenhagen Infrastructure Partners (CIP) has established its new investment fund, Copenhagen Infrastructure II K/S.

A total of 19 financial investors have given a total commitment of approximately DKK14.7 billion (US$2.18 billion).

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 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.

The fundraising period for CIP's new infrastructure fund Copenhagen Infrastructure II K/S is now over. The fund was established in 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.

Christian T. Skakkebæk, Senior Partner in Copenhagen Infrastructure Partners, stated:

"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."

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