Copenhagen Infrastructure Partners Secures 3 Billion Dollars for Growth Markets Renewable Infrastructure Fund
Copenhagen Infrastructure Partners has successfully closed its Growth Markets Fund II with commitments amounting to approximately 3 billion US dollars.
The fund primarily targets large-scale energy infrastructure projects within selected mid to high-growth markets in Eastern Europe Asia and Latin America.
GMF II nearly triples the size of its predecessor with over 1.6 billion US dollars already committed across nine investments demonstrating strong market confidence and operational performance.
Recent milestones include the commissioning of Chiles largest independent battery storage project delivered under budget and the start of construction for Mexicos first large-scale solar and battery storage projects following the countrys recent binding planning regulation.
Furthermore the financial close was achieved for Pestera II one of Romanias largest renewable energy investments comprising a significant onshore wind project.
With widespread portfolio optionality and high short-term visibility GMF II is on track to deploy the entire capital within one to two years reflecting a robust pipeline of projects.
Niels Holst CIP Growth Markets Funds co-director highlighted that closing at 3 billion US dollars affirms investor confidence in the strategy and the team s ability to develop and construct renewable energy projects at scale.
The fund has attracted a diverse investor base including sovereign wealth funds pension funds impact-focused family offices and development financial institutions with expanding participation from Asian Middle Eastern and North American investors.
The growing demand for new energy infrastructure is underpinned by market fundamentals increasing energy needs and CIP s proven track record from GMF I which contributed over 8.7 GW of capacity in India and South Africa through more than 50 projects.
Ole Kjems Sorensen CIP co-director remarked that GMF II leverages the firms extensive local presence and global experience to connect capital with high-quality renewable projects in markets with critical infrastructure needs.
The fund aims to deliver attractive risk-adjusted returns within a resilient asset class supporting the transition to cleaner energy sources in emerging economies and fostering sustainable growth.