CIP raises EUR 800 million in first closing of new Energy Transition Fund
CIP continues to write Danish business history by raising a new investment strategy focusing on next generation renewable energy infrastructure, including industrial scale Power-to-X projects. In that way, CIP enables institutional investors to participate in the decarbonisation of hard-to-abate industries, for example the transport and shipping industry.
The fund will be focusing on greenfield projects in primarily Western Europe, North America, Australia and OECD countries in Asia.
The fund is seeded with a portfolio of development projects. In the first closing, capital was raised from Nordic and German investors. The global fundraising continues with a target commitment of EUR 2.25 billion.
Plesner's Private Investment Funds team advised CIP on all stages of the structuring and formation of the fund.