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CIP racks up 7bn euros for fourth energy fund

Copenhagen Infrastructure Partners has raised 7 billion euros for its fourth greenfield renewable energy fund, beating its target of 5.5 billion euros.

Copenhagen Infrastructure Partners has raised 7 billion euros for its fourth greenfield renewable energy fund, beating its target of 5.5 billion euros. Eaton Partners was the placement agent. CIP focuses on energy infrastructure.

PRESS RELEASE

ROWAYTON, Conn., April 20, 2021 – Eaton Partners, one of the largest placement agents and financial advisory firms and a wholly-owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to have been one of the placement agents who worked with Copenhagen Infrastructure Partners (“CIP”) to raise a total of €7 billion in commitments for Copenhagen Infrastructure IV (“CI IV”). This is the largest dedicated greenfield renewable energy fund globally. The oversubscribed fund reached its initial target size of €5.5 billion in December 2020 and is expected to invest in greenfield renewable energy infrastructure projects with total CAPEX in excess of €14 billion.

CIP is a fund management company focused on energy infrastructure, including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. With the establishment of CI IV, CIP’s total portfolio of renewables investments is estimated to reduce the equivalent of approximately 10-11 million tons of CO2 and sustainably power approximately 5-6 million households each year across the globe.

“It has been our great pleasure to have continued our work with Copenhagen Infrastructure Partners on the very successful and historic CI IV fundraise,” said Steve Eaton, Partner at Eaton Partners. “We provide our sincere congratulations to the entire CIP organization for becoming a true global leader in renewable energy infrastructure investments since their founding nearly a decade ago.”

“Thank you to Eaton Partners for helping the CIP team reach its final close less than one year after we started fundraising,” said Steen Lønberg Jørgensen, Partner at CIP. “In addition to reaching our target goal ahead of schedule, Eaton (and our other advisors) helped us attract a diverse group of new investors who share our passion for renewable energy investments and high ESG standards.”

About Eaton Partners
Eaton Partners, a Stifel Company, is one of the world’s leading fund advisory and capital placement agents, having raised more than $114 billion across more than 160 highly differentiated alternative investment funds and offerings. Founded in 1983, Eaton advises and raises institutional capital for investment managers across alternative strategies – private equity, private credit, real assets, real estate, and hedge funds/public market – in both the primary and secondary private fund markets. Eaton Partners maintains offices and operates throughout North America, Europe and Asia.