Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), held a final close on March 23, 2018 at the EUR 3.5 billion hard cap exceeding the EUR 3.0 billion target fund size. The fund obtained commitments from 42 institutional investors comprised of pension companies, insurance companies, family offices, and asset/fund managers. The fund held its first close 12 months ago.
CI III has been formed to primarily invest in projects in regulated and long term contracted energy infrastructure and has a strong investment pipeline which includes ownership or exclusivity rights to more than 15 projects currently being developed towards financial close. The portfolio amounts to around EUR 3 billion in potential investment volume and provides diversification across offshore wind, onshore wind, solar PV, biomass/waste-to-energy, geothermal, and reserve capacity in North America, Northwestern Europe and Asia Pacific. The investment strategy of CI III will be a continuation of the successful predecessor fund, CI II, which is committed and on track to provide investors with long term stable cash flows and above target investment returns.