Copenhagen Infrastructure Partners (CIP) has initiated the fundraising process for its new fund, Copenhagen Infrastructure III K/S, which will now be open for investor subscription.
The primary geographical scope of the fund is northern and western Europe, as well as North America. The fund has already been backed by a group of anchor investors in Denmark for an approximately EUR 1.2 billion commitment.
The fund is a 20-year “build-and-hold” fund, which means that it focuses on greenfield investments and would hold the investments through the entire commercial lifetime of the assets.
“Copenhagen Infrastructure III will have the same focus as CIP’s previous funds, being investments in energy infrastructure with stable returns, including onshore and offshore wind, solar PV, biomass-fired power plants, transmission grid systems, etc.,” says Christian Skakkebæk, senior partner at CIP.
The fundraising follows the recent successful investment of a EUR 2 billion commitment to Copenhagen Infrastructure II, which has been invested in 10 energy infrastructure projects. Copenhagen Infrastructure II had its final closing in June 2015.