Copenhagen Infrastructure Partners has announced the launch of a new fund with first commitments of approx. DKK 8 billion/€1.05 billion.

Eight institutional investors have joined Copenhagen Infrastructure Partners in its new investment fund. The fund will focus on energy infrastructure investments in Northern and Western Europe, as well as in North America.

Eight Danish institutional investors, DIP, JØP, Lægernes Pensionskasse, PBU, Nordea, Nykredit, PFA and PensionDanmark, have committed a total of DKK 8 billion/ €1.05 billion to a new fund, Copenhagen Infrastructure II K/S. The new infrastructure fund is managed by Copenhagen Infrastructure Partners and will focus on investments within energy infrastructure such as biomass fired power plants, electricity transmission grid and onshore and offshore wind power.

Christian Skakkebæk, partner in Copenhagen Infrastructure Partners, said:

"The return on this type of assets is often regulated or based on long term contracts, which make the return less volatile and relatively independent of general market conditions. It is in this specific area we specialize, and we are happy that we have been able to gather such a broad range of institutional investors."

The fund is open for commitments until the end of Q1, 2015. Copenhagen Infrastructure Partners expects a total commitment to the fund of DKK 10-12 billion/€1.3 - 1.6 billion.

Copenhagen Infrastructure II is a 20 year "buy-and-hold" fund, meaning that the fund, as a starting point, is expected to retain its investments throughout the entire lifetime of the fund. Copenhagen Infrastructure Partners expects that the fund will be invested within three years.