Three Danish pension funds and a Norwegian pension fund jointly committed 700 million Danish kroner ($105 million) to Copenhagen Infrastructure Partners New Markets Fund, PensionDanmark said on its website Wednesday.
The Danish pension funds are PensionDanmark, Copenhagen; ATP, Hilleroed; and Lęgernes Pension, Frederiksberg; and the Norwegian pension fund is Kommunal Landspensjonskasse, Oslo.
The Copenhagen Infrastructure Partners fund invests in renewable energy infrastructure in the emerging economies of Latin America and Asia. CIP also develops, constructs and operates renewable energy infrastructure in wind, solar and biomass in Europe and the U.S.
PensionDanmark has invested with CIP since 2012. The new fund is a natural next step, expanding the investment universe to include emerging markets in Asia and Latin America, the 235 billion Danish kroner PensionDanmark said.
KLP has 699 billion Norwegian kroner ($80 billion) in assets. ATP has 837.5 billion Danish kroner in assets. LP's assets could not be learned.