Copenhagen Infrastructure Partners (CIP) is launching its first debt fund, which has €320m in seed capital, and has kicked off marketing it to institutional investors.
The CI Green Credit Fund I (CI GCF I) is targeting a fund size of €1bn to provide private project finance debt with subordinated risk characteristics supporting renewable energy projects globally.
The focus will be on greenfield and brownfield projects in offshore wind, onshore wind, solar PV, biomass, storage and transmission assets.
Geographic focus will be Europe, North America and selective jurisdictions in the Asia-Pacific region.
The fund’s main focus will be on direct investments, but it also has ability to do risk sharing transactions.
For risk sharing transactions, CIP has partnered with Whitecroft Capital Management, a specialist manager dedicated to bank capital opportunities.
“The Green Credit Fund is a significant step in our continued expansion as it broadens CIP’s offering to also include infrastructure debt.
“This is an important and necessary funding component of the global energy transition. We believe that our new credit fund can add value both to sponsors and senior lenders, by leveraging
“CIPs expertise and track record. The fund will fill an important role alongside other capital providers to support the energy transition,” said Jakob Baruël Poulsen, managing partner at CIP.