Copenhagen Infrastructure Partners (CIP), a global investor in energy infrastructure, has raised €1.3 billion in committed capital at the first close of its CI Green Credit Fund II (GCF II), the second vintage of its flagship credit strategy. The fund is targeting a total raise of €2 billion, including commitments to a closed-ended fund, an evergreen vehicle, and discretionary co-investments.
The fund has attracted backing from a diverse group of institutional investors worldwide, including sovereign wealth funds, insurance companies, and pension funds. CIP has also committed capital to the fund, signaling its confidence in the strategy.
GCF II will provide credit solutions to renewable energy projects, energy-transition companies, and related opportunities in OECD jurisdictions. The fund’s geographic focus includes Europe, North America, and select markets in Asia-Pacific. It will primarily target higher-yielding debt investments, with a focus on senior secured credit.
The predecessor vehicle, CI Green Credit Fund I, completed its investment period after making 12 global investments spanning various technologies and debt structures. The fund reached full deployment of its committed capital and achieved its first full realization in the fourth quarter of 2025.
CIP has already begun deploying capital from the new fund. Its first investment involved providing refinancing to a Dutch portfolio of solar and battery energy storage system assets with a combined capacity of 450 megawatts.
The firm’s credit strategy aims to build a diversified portfolio across project lifecycles, geographies, technologies, and transaction types, offering investors exposure to infrastructure credit opportunities tied to the global energy transition.
Founded in 2012, Copenhagen Infrastructure Partners manages 15 funds and has raised approximately €37 billion to date. The firm invests in power generation, including solar and wind, as well as energy storage, transmission, and distribution, advanced bioenergy, low-carbon fuels, and carbon capture. It operates projects in more than 30 countries and has more than 2,300 employees across its global platform.
CIP established its credit platform in 2022 with the launch of CI Green Credit Fund I. Since its inception, the platform has raised about €2.6 billion in capital, including roughly €600 million in co-investment commitments, and focuses on greenfield energy debt investments supported by the broader industrial expertise of the CIP platform.
KEY QUOTE:
“We are very pleased to have reached a strong first close for our flagship credit fund, with impressive support from existing and new investors across North America, Europe, and the APAC region. We believe the market for this type of capital offers investors an attractive risk adjusted return, while at the same time providing the market with a capital solution that will help drive the build-out of much needed energy solutions.”
Jakob Groot, Partner And Co-Head Of The CIP Credit Platform At Copenhagen Infrastructure Partners
