Copenhagen Infrastructure Partners (CIP) has achieved a significant milestone with the financial close of two new funds:
- The CI Advanced Bioenergy Fund I (CI ABF I); and
- The CI Green Credit Fund I (CI GCF I).
These funds have received total Limited Partner (LP) commitments of approximately EUR 2 billion. Notably, this year has marked a record year for CIP, as the company also reached the first close for its flagship fund, CI V, amassing a substantial EUR 5.6 billion in commitments.
CI GCF I closed with a total of around EUR 1 billion, further supported by approximately EUR 200 million in co-investments. On the other hand, CI ABF I achieved a financial close with commitments totalling EUR 750 million. This milestone reinforces CIP’s ability to attract investment from a global investor base and its continued growth in the sustainable infrastructure investment sector.
CIP – Financial Close of two new funds: CI ABF I and CI GCF I
These two funds play crucial roles in Copenhagen Infrastructure Partners’ unique fund strategies, which are centered on greenfield renewable energy infrastructure investments – further details are shown below.
Earlier this year, CIP announced that it had raised almost €6B in its new Renewable Energy Fund in its flagship fund CI V.
CI Advanced Bioenergy Fund I (CI ABF I)
The Advanced Bioenergy Fund I has a pivotal role in advancing the production of clean fuels, particularly renewable natural gas, derived from sources like food waste, agricultural residues, and various organic waste streams.
These efforts are aimed at replacing carbon-emitting fuels and addressing the environmental challenges posed by such waste materials. The fund primarily focuses on investing in advanced bioenergy infrastructure, with a strong emphasis on projects in Europe.
The fund has already made a final investment decision for one project and secured exclusivity on several industrial-scale advanced bioenergy initiatives. These projects span various locations in Denmark, The Netherlands, Belgium, and Spain and are expected to generate Renewable Natural Gas (RNG) and biogenic CO2 from food waste, industrial waste, and agricultural waste.
It offers institutional investors an opportunity to actively contribute to the transition towards cleaner energy and participate in the decarbonization of hard-to-abate sectors by producing advanced biofuels and biogas. These investments provide cost-effective and sustainable solutions to manage environmental and organic waste challenges.
Projects funded by the Advanced Bioenergy Fund I adhere to the highest sustainability standards, specifically classified as “dark green” under the EU regulation Article 9. They utilize sustainable feedstocks such as waste wood, agricultural biowaste, household biowaste, and industrial biowaste.
CI Green Credit Fund I (CI GCF I)
CI Green Credit Fund I, or CI GCF I, is dedicated to providing private project finance debt with subordinated risk characteristics, offering essential support for renewable energy projects.
It extends its focus to regions across Europe, North America, and some jurisdictions within the Asia Pacific regions. The fund targets greenfield and brownfield projects in the renewable energy infrastructure sector, with a primary focus on direct investments.
It also maintains the flexibility to participate in some risk-sharing transactions, contributing to developing renewable energy projects with sustainable financing solutions. By October 2023, CI GCF I had already successfully closed three investments, committing a total of EUR 236 million.
Copenhagen Infrastructure Partners (CIP) - About the Fund
Copenhagen Infrastructure Partners (CIP) is a a prominent global player in renewable energy investments. Established in 2012, CIP is the world’s largest dedicated fund manager specializing in greenfield renewable energy investments and is a well-known leader in offshore wind ventures.
With 11 funds in its investment portfolio, CIP has successfully raised around EUR 25 billion in capital, having engaged with more than 150 institutional investors. CIP’s major funds are strategically aligned with core energy transition trends, underpinned by a commitment to technological advancement and integrating renewable energy systems.
