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Copenhagen Infrastructure Partners closes latest fund at €3.5 billion

Copenhagen Infrastructure Partners closed its latest energy fund, Copenhagen Infrastructure III, at €3.5 billion ($4.3 billion), exceeding the €3 billion target, the manager said in a news release Tuesday.

The fund invests in long-term energy infrastructure and primarily offshore wind, onshore wind, solar photovoltaics and biomass or waste-to-energy projects in North America, northwest Europe and Asia-Pacific.

Its predecessor fund, Copenhagen Infrastructure II, closed at €2 billion in 2015.

The 217.7 billion kroner ($36 billion) PensionDanmark, Copenhagen, made a 4 billion kroner commitment; The 106.6 billion kroner ($17.6 billion) AP Pension, Copenhagen, committed 500 million kroner to the fund; and the 55 billion kroner PBU, Hellerup, Denmark, committed 1 billion kroner.