Sage USA 33

Funds

Investment Opportunities

We manage 13 funds and have raised EUR 35 billion from ~200 institutional investors across the globe.

Each of the fund strategies for CIP’s major funds tap into the main energy transition trends through a focus on technological development and integrated energy systems.

Our Flagship Funds, as well as Growth Markets Funds and Green Credit Fund, focus on decarbonising the power sector through renewable capacity build-out from offshore wind, onshore wind and solar, as well as integration of renewables into the grid through utility-scale storage projects and grid investments.

The Advanced Bioenergy Fund and Energy Transition Fund focus on decarbonising the hard-to-abate sectors (sectors where electrification is not feasible) through the production of green fuels and feedstock to be used for fertilisers, shipping / aviation fuel, and in industries.

CIP funds

Flagship Funds

CIP invests on behalf of its four Flagship Funds in regulated and long-term contracted energy infrastructure with the objective of generating attractive risk-adjusted returns and long-term, stable, and predictable cash flows with low correlation to the business cycle. The geographical focus of the Flagship Funds is low-risk OECD countries in Western Europe, North America (excluding Mexico) and developed Asia Pacific (including Taiwan and Singapore), reflecting CIP’s strategy to mitigate regulatory risks by choosing stable regulatory and political regions and favourable regulatory sub-segments.

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  • The largest fund globally dedicated to greenfield energy infrastructure investments

  • Focus on greenfield investments within large-scale renewable energy infrastructure
2023
vintage
12 bn
size
  • Continuation of predecessor flagship fund strategies based on strong track record
  • Global investment scope
2020-2021
vintage
7.3 bn
size
  • Largest financial investor within offshore wind
  • Presence in four continents
2017-2018
vintage
3.5 bn
size
  • Investor base now comprising group of prominent Nordic institutional investors
  • Strong position established in the US solar and onshore wind market
2014-2016
vintage
2 bn
size
  • Invention of new investment product making utility scale energy projects accessible to financial investors
  • Offshore Wind, Onshore Wind, Biomass, and Transmission investments in Northwestern Europe
2012-2014
vintage
1 bn
size
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Growth Markets Funds

The Growth Market Funds focus on investments in large-scale and complex greenfield energy infrastructure projects in high-growth, middle-income markets with strong fundamentals for renewable development and significant impact potential. The funds target high-growth, middle-income markets across Asia, Latin America and EMEA with strong fundamentals for energy infrastructure investments with a combination of high economic and demographic growth including an expanding middle class leading to an accelerating electricity demand.

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  • Focuses on investments in large-scale greenfield energy infrastructure projects in high-growth middle income markets across Asia, Latin America and EMEA.

  • Successor to the CI GMF I fund launched in 2019
2023
vintage
3 bn
target fund size
  • Focus on energy investments, primarily in Asia and Latin America
2019
vintage
1 bn
size
View all(-1)

Energy Transition Fund

CI ETF I is the largest dedicated clean hydrogen fund globally and has ~6.5GW of electrolysers in its base case portfolio. It invests in next generation energy infrastructure including industrial scale power-to-X (PtX) projects and enables institutional investors to participate in the decarbonization of the so-called hard to abate industries such as shipping, steel production, and agriculture through the use of green fuels and feedstock and CO2-free fertilizers. The fund will primarily focus on greenfield projects in Western Europe, North America, Australia and developed Asian countries. Besides PtX the fund may invest in advanced biofuels, carbon capture and utilization/storage (CCU/S), and other infrastructure technologies, applications, and solutions to decarbonize industries and transportation.

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  • Focus on next-generation renewable technologies to decarbonise hard to abate sectors
  • Geographical focus mainly in OECD countries in Western Europe, Northern America, and Asia
2021-2022
vintage
3.1 bn
size
View all(-2)

Advanced Bioenergy Funds

CI ABF I and II focus on equity investments in advanced bioenergy infrastructure in Europe and North America and enables institutional investors to contribute to the energy transition and participate in the decarbonization of hard to abate sectors through the production of advanced biofuels and biomethane. Investments will be based on sustainable feedstock such as agricultural biowaste and household and industrial biowaste. The offtake products will include green gas and green fuels, such as biomethane and liquified biomethane (bio-LNG).

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  • Invests in production of various biofuels based on feedstock from bio-waste products
  • The fund leverages the seed portfolio and the inhouse capabilities that CIP has built over the past four years for CI ABF I, providing a financially attractive product to our investors, both in terms of returns and diversified risks
2025
vintage
1.5 bn
target fund size
  • Invests in production of various biofuels based on feedstock from bio-waste products
2022-2023
vintage
0.75 bn
size
View all(-1)

Green Credit Fund

CI GCF is CIP’s debt fund and provides private project finance debt with subordinated risk characteristics supporting energy projects globally. Focus will be on green- and brownfield projects in offshore wind, onshore wind, solar PV, biomass, storage and transmission assets, and the geographic focus of the fund will be Europe, North America and selective jurisdictions in the Asia-Pacific region. The fund provides investors access to an asset class with substantial growth momentum, attractive risk-adjusted returns, and low correlation to other asset classes. The fund’s focus is on direct investments, but it also has ability to do risk sharing transactions. 

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  • CIP's first debt fund, targeting sub-ordinated debt in renewable and decarbonisation infrastructure - i.e. same technologies as in the other CIP funds
2021-2023
vintage
1 bn
size
View all(-2)

*For CI II, CI III, CI GMF 
This is a close-ended fund which was structured, established and held its final closing prior to the entry into force of Regulation (EU) 2019/2088 (the “Sustainable Finance Disclosure Regulation” or "SFDR"). The Fund's overall approach to its environmental and social characteristics thus did not formally take in to account the defined principle of “do no significant harm” as defined in the SFDR and EU Taxonomy, and therefore the Fund's investments are not currently considered to meet the specific definition of “sustainable investments” within the meaning of art. 2(17) of the SFDR.

**For fund CI-V, CI-IV, CI-ETF I, CI-GCF I and CI-ABF I
This fund was marketed after 10 March 2021, i.e. after the criteria for a “sustainable investment” within the meaning of Article 2(17) of EU Regulation 2019/2088 was applicable and/or available. On the basis that it is a financially focused fund with an objective to invest in economic activities that contribute to an environmental objective, this fund currently assessed as an Article 9 (“dark green”) fund. 

***Past performance is not indicative of future performance. There can be no guarantee that fund objectives will be achieved.

****Capital raised as of 31 December 2022 for CI Green Credit Fund I and CI Advanced Bioenergy Fund I which are both active fundraising as of 31 December 2022 with a target fund size of EUR 1.0 billion.