CIP raises 3bn euros for energy transition fund

• The fund will mostly focus on greenfield projects in the OECD
• Selinus Capital Advisors, Compagnie Financière Jacques Coeur and Allen Partners were the placement agents
• CIP was founded in 2012

Copenhagen Infrastructure Partners has closed its new energy transition fund at a hard cap of 3 billion euros.

CI Energy Transition Fund I’s limited partners include pension funds, life insurance companies, sovereign wealth funds, asset managers, and family offices.

“We are very pleased to welcome a prominent group of existing and new institutional investors to CI ETF I and are delighted that investors share our confidence in and appetite for clean energy infrastructure projects and invest alongside CIP in the next phase of the energy transition. Solutions such as Power-to-X will be key for countries and industries to take the next big leap within reaching the commitments of the Paris agreement and achieving energy independence,” said Jakob Baruël Poulsen, a managing partner in CIP, in a statement.

CI ETF I will invest in next generation renewable energy infrastructure including industrial scale Power-to-X projects. The fund will primarily focus on greenfield projects in the OECD and aims to contribute to the decarbonization of industries such as agriculture, aviation, shipping, chemical manufacturing, and steel production through the use of green fuels and feedstock and CO2-free fertilizers.

Plesner and Clifford Chance acted as legal counsel for the fund, KPMG Acor Tax as tax advisor, and Selinus Capital Advisors, Compagnie Financière Jacques Coeur and Allen Partners were placement agents.

CIP was founded in 2012.

CIP manages ten funds and has to date raised approximately 19 billion euros for investments in energy and associated infrastructure from more than 135 international institutional investors. CIP has approximately 340 employees and offices in Copenhagen, London, Hamburg, Utrecht, New York, Tokyo, Singapore, Seoul, and Melbourne.