Funds

Flagship Funds

Monegros Spain 13

We manage 12 funds with approximately EUR 28 billion under management for more than 160 institutional investors across the globe.


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 favorable regulatory sub-segments. 

CI V

On June 30, 2023, Copenhagen Infrastructure V (CI V) reached a first close at EUR 5.6 billion in capital commitments received – putting it on track to reach its target fund size of EUR 12 billion and become the world’s largest dedicated greenfield renewable energy fund.

The investment strategy is a continuation of the predecessor flagship funds CI I, CI II, CI III, and CI IV, applying the same well-tested industrial value-creation approach, whereby projects are entered early and significantly de-risked and optimized prior to the start of construction to capture the attractive greenfield premium.

The Fund will focus on greenfield investments within large-scale renewable energy infrastructure. It has a global reach and intends to diversify investments across technologies such as contracted offshore wind, energy storage, onshore wind and solar in low-risk OECD countries in North America, Western Europe and Asia Pacific.

CI V is off to a strong start with the largest project pipeline of any CIP fund to date. At first close, the Fund has ownership of more than 40 renewable energy infrastructure projects with a total potential CI V commitment of approximately EUR 20 billion, corresponding to more than 150% of the target fund size.

Commitments

A large group of leading institutional investors across continental Europe, the Nordics, the UK, North America, and the Asia-Pacific region participated in the first close of CI V.

Monegros Spain 06
5,6 bn
First Close

CI IV

Copenhagen Infrastructure IV (CI IV) reached a first close of EUR 1.5 billion on June 2020 and held final close on April, 2021. The fund was oversubscribed and closed at the hard cap of EUR 7 billion.

CI IV focuses on greenfield investments within core energy infrastructure projects and investments are based on long-term contracted cash flows and robust investment structures including low energy price risk exposure and cautious use of financial leverage. The fund has a global reach and will diversify investments across technologies such as offshore wind, onshore wind, solar PV, transmission, storage, and waste-to-energy in low risk OECD countries in Western Europe, North America, developed Asia, and Australia. The investment strategy of CI IV is a continuation of the successful predecessor funds CI I, CI II and CI III, and is tailored to institutional investors with a long-term investment horizon. 

Commitments

CI IV achieved commitments from investors across the Nordics, Europe, North America, Asia, and Australia with a 50/50 split between existing investors in CIP funds and new investors. The fund’s investor base comprises approximately 100 institutional investors, primarily pension funds, life insurance companies, and family offices. 

This fund is closed to new investors. 

Veja Mate Germany 21
1.5 bn
first close
7 bn
hard cap

CI III

Copenhagen Infrastructure III (CI III) launched in March, 2017 with a target fund size of EUR 3.0 billion and held final close in March 2018 at the EUR 3.5 billion hard cap. 

CI III invests in primarily large-scale offshore wind, onshore wind, solar PV, and biomass / waste-to-energy, transmission / distribution in primarily Northwestern Europe and North America.

Commitments

The fund obtained commitments from 42 institutional investors comprised of pension companies, insurance companies, family offices, and asset/fund managers. This included institutional investors from Australia, Israel, the Netherlands, and Norway as well as a Nordic and UK-based investor base.

This fund is closed to new investors. 

1300X655 11
3.0 bn
target fund size
3.5 bn
hard cap

CI II

Copenhagen Infrastructure Partners II (CI II) launched in September 2014 with first commitments of approx. EUR 1.05 billion. It closed in July 2015 with a total commitment of EUR ~2 billion.

The fund’s focus is on investments within energy infrastructure such as biomass fired power plants, electricity transmission grid and onshore and offshore wind power in Northern and Western Europe as well as North America.

This fund is closed to new investors. 

1300X655 17 (1)
1.05 bn
first commitment
~2 bn
total commitment

CI I

Copenhagen Infrastructure Partners I (CI I) was established in 2012 with a total commitment of EUR ~1billion by PensionDanmark. 

CI I is tailor-made for investors seeking attractive risk-adjusted returns and long-term, stable and predictable cash flows with low correlation to the business cycle. The fund introduced a new investment product making utility scale energy projects accessible to financial investors and invested in offshore Wind, onshore wind, biomass and transmission investments in Northwestern Europe.

This fund is closed to new investors. 

1300X655 15
~1 bn
total commitment

Fund Leadership

Mads Skovgaard Amdersen 66597
Mads Skovgaard-Andersen
Flagship Funds Lead
Nischal Agarwal 5585
Nischal Agarwal
Partner - Regional lead
Thomas Wibe 37798 (Low Res)
Thomas W. Poulsen
Partner - Regional lead
Tim Evans CIP 1774 Crop 3000X4500px
Timothy Evans
Partner - Regional lead