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2 Danish plans commit to infrastructure fund

Two Danish pension plans committed a combined 1.5 billion Danish kroner ($230 million) to Copenhagen Infrastructure III, managed by Copenhagen Infrastructure Partners.

The 106.6 billion kroner AP Pension, Copenhagen, committed 500 million kroner, said Ralf Magnussen, investment director at the fund. The 55 billion kroner PBU, Hellerup, committed 1 billion kroner, said a spokeswoman.

The fund, which has primarily received commitments from Nordic and U.K. investors, is expected to invest in large-scale offshore wind, onshore wind, solar photovoltaic, and biomass, waste-to-energy transmission and distribution, primarily in northwestern Europe and North America.