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CIP launches third fund

Dkr8.8bn already raised for investments in Europe and North America

CIP launches third fund image

Regular offshore wind and grid infrastructure investor Copenhagen Infrastructure Partners (CIP) is inviting investors to participate in a third fund.

The new fund – Copenhagen Infrastructure III K/S – has already received commitment of Dkr8.8bn (€1.2bn) mainly from the Anchor Investor group, CIP said.

It added that other backers of the new fund are PensionDanmark, Kommunal Landspensjonskasse, Lægernes Pension, Juristernes og Økonomernes Pernsionskasse and Danske civil- og akademiIngeniørers Pensionskasse.

“A number of attractive exclusive investment opportunities, originated in cooperation with CIP’s industrial partners, have already been identified for Copenhagen Infrastructure III,” CIP said.

The main geographical focus of the fund will be northern and western Europe and North America, it added.

The fund is a 20-year ‘build-and-hold’ fund, which means its focus is on “greenfield investments and as a base case expects to hold the investments throughout the entire commercial lifetime of the assets”, CIP said.

CIP has previously secured a 1GW offshore wind lease off the coast of Massachusetts, and has a 35% share in the 588MW Beatrice offshore project and an interest in the 402MW Veja Mate development.

Image: Veja Mate

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