In Denmark, Copenhagen Infrastructure Partners has reached final close for its two new funds, CI Advanced Bioenergy Fund I (CI ABF I) and CI Green Credit Fund I (CI GCF I) with total LP commitments of EUR ~2bn. 2023 has been a record year for CIP, as in addition to this final close announcement, CIP also held first close for its flagship fund, CI V, at EUR 5.6bn.
With commitments from investors across the Nordics, Europe, and Asia Pacific, CI GCF I closed at EUR ~1bn with an additional EUR ~200m in co-investments to date. ABF I closed at EUR 750m. The funds’ investor bases are comprised of institutional investors, primarily pension funds, life insurance companies, sovereign wealth funds, family offices, asset managers, and corporate investors.
The two funds make up integral parts of CIP’s distinct greenfield renewable energy infrastructure focused fund strategies. The Advanced Bioenergy Fund I is expected to contribute substantially to producing clean fuels such as renewable natural gas from food waste, agricultural residues and other organic waste streams, displacing carbon-emitting fuels and mitigating negative environmental impacts from these waste streams. The Green Credit Fund provides debt financing with subordinated risk characteristics for renewable energy projects globally, contributing to decarbonizing the power market.
