€2bn set for Renewables
By:
Lewis Holdsworth
02/07/2015
CIP
With 19 financial investors, Copenhagen
Infrastructure Partners (CIP) establishes its new investment fund, Copenhagen
Infrastructure II K/S. The investors have given a total commitment of approximately
DKK 14.7 bn (EUR ~2bn).
The funds focus will be on investments in energy infrastructure in Northern
and Western Europe as well as North America, primarily renewable energy
investments.
The fundraising period for CIP's new infrastructure fund Copenhagen Infrastructure
II K/S is now over. The fund was established at the end of September 2014
with initial commitment from eight Danish institutional investors (PensionDanmark,
Lægernes Pensionskasse, PBU, JØP, DIP, Nykredit, PFA and Nordea).
Since then Kommunal Landspensjonskasse (NO), Lærernes Pension, the European
Investment Bank (EIB), AP Pension, SEB Pension (DK), Oslo Pensjonsforsikring
(NO), SEB Pension och FÃrsÃkring (SE), a UK pension fund managed by The
Townsend Group (UK), T&W Holding A/S (DK), LB Forsikring (DK) and VILLUM
FONDEN (DK) have made commitments to Copenhagen Infrastructure II K/S.
"We are proud to have this many leading investors in the fund, including
a broad group of leading Danish institutional investors and several prominent
foreign investors. The funds focus will be on investments in energy infrastructure
with stable returns, such as biomass fired power plants, electricity transmission
grids as well as onshore and offshore wind" says Christian T.
Skakkebæk, Senior Partner in Copenhagen Infrastructure Partners.
The fund is a 20-year buy-and-hold fund, which means that the fund as a
base case expects to hold the investments throughout the entire lifetime
of the fund.
