CI New Markets Fund I reaches US$1bn final close

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Copenhagen Infrastructure Partners’ new fund, Copenhagen Infrastructure New Markets Fund I (CI NMF I), reached the final close on November 18, 2019, with Limited Partners' commitments of US$1 billion exceeding the target fund size.

CI NMF I will primarily invest in greenfield renewable energy infrastructure projects in the fast-growing economies across Asia and Latin America as well as certain countries in Eastern Europe where CIP see scale, growth, and liquidity. The fund will apply the same value creation and de-risking approach as CIP’s existing OECD-focused funds and invest in offshore and onshore wind, solar PV, biomass and waste-to-energy and transmission grid systems among others. With a term of ten years and a “build-and-exit” strategy, the fund will participate in completing late-stage development, finance construction, and ultimately divest once assets are operational.

The final close in November follows a successful first close at USD 700m in May 2019 with the four cornerstone investors, PensionDanmark, Arbejdsmarkedets Tillægspension (ATP), KLP, and Lægernes Pension & Bank. The CI NMF I obtained commitments from institutional investors primarily comprised of pension funds, insurance companies, and family offices, and broadens CIP’s investor base with (ATP), the Danish Export Credit Agency (EKF), and a prominent group of German and Austrian institutions. With the final close on CI NMF I, CIP has total commitments of almost EUR8 billion (US$8.84 billion) across five funds.

The existing flagship funds CI I, CI A, CI II, and CI III focus on energy infrastructure in Western Europe, North America, and developed Asia-Pacific. CI I, CI A, and CI II are fully committed to investments and the most recent EUR3.5 billion (US$3.87 billion) fund CI III, which had final close in March 2018, is expected to end its investment period in 2020. All funds are performing well and expected to deliver an attractive risk-adjusted return well above target.

List of the country updates

Country updates

  • July 24, 2019

    Franklin Templeton fund acquires six new assets

    The first state-oriented social impact infrastructure fund in Europe, Franklin Templeton Social Infrastructure Fund (FTSIF), has expanded its portfolio after it has acquired six new and additiona...

    Read more
  • June 05, 2019

    CIP’s New Markets Fund I for renewable energy infrastructure reaches US$700m in first close

    Copenhagen Infrastructure Partners (CIP) has established a new fund, Copenhagen Infrastructure New Markets Fund I K/S (CI NMF I), which will invest in renewable energy infrastructure targeting fast-gr...

    Read more
  • August 13, 2018

    A.P. Moller Capital's Africa Infrastructure Fund approaches US$1 billion

    A.P. Moller Capital has announced that it has raised US$982 million for the Africa Infrastructure Fund.

    Read more
  • June 12, 2018

    Denmark's IFU and pension funds launch US$650 million sustainable investment fund

    The Investment Fund for Developing Countries (IFU), based in Denmark, has signed an agreement with six pension funds - PKA, PensionDanmark, PFA, ATP, JØP/DIP and PenSam - to...

    Read more
  • April 12, 2018

    Copenhagen Infrastructure III holds final close at EUR3.5 billion

    Copenhagen Infrastructure Partners’ (CIP) has announced that its newest fund, Copenhagen Infrastructure III (CI III), held a final close on 23 March 2018 at the EUR3.5 billion (US$4.31...

    Read more

Share this update