Flagship funds

Funds

Flagship Funds

We manage 10 funds with more than EUR 19 billion under management for more than 140 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 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 North-western Europe.

This fund is closed to new investors.

~1 bn

total commitment

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.

1.05 bn

first commitment

~2 bn

total commitment

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.

3.0 bn

target fund size

3.5 bn

hard cap

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.