COPENHAGEN — Investment firm Copenhagen Infrastructure Partners (CIP) has raised $1.5 billion (€1.3 billion) at the first close of CI Green Credit Fund II and targeting a total fund size of €2 billion, including commitments to its closed-ended fund, related evergreen vehicles and discretionary co-investments.
Focus on Renewable Energy and Energy Transition
This is firm’s second flagship green credit fund and focusing on backing renewable energy and energy–transition projects and companies.
CIP Expands Its Credit Investment Platform
Established in 2022, CIP’s Credit platform CI Green Credit Fund I focuses on greenfield energy debt investments. It has so far raised approximately $3 billion of capital since inception, including $696 million of co-investment capital.
Investment Strategy and Geographic Focus
The fund provides credit financing to renewable energy projects, energy-transition companies, and adjacent opportunities in OECD jurisdictions. It focuses particularly in Europe, North America and selective jurisdictions in the Asia-Pacific region. The strategy targets higher-yielding debt, focusing primarily on senior secured credit investments.
Performance of the First Green Credit Fund
The company said that its first green credit fund has completed 12 investments globally across a range of technologies and debt structures. It has now fully deployed, reaching 100% of committed capital. The fund also achieved its first full realization in the fourth quarter of 2025.
CI Green Credit Fund II has already made its first investment. The fund provided refinancing for a Dutch portfolio of solar and battery energy storage system (BESS) assets. The portfolio has a combined capacity of 450 MW, according to the company.
Investor Support
Jakob Groot, Partner and Co-Head of the CIP Credit Platform, said:
We are very pleased to have reached a strong first close for our flagship credit fund, with impressive support from existing and new investors across North America, Europe, and the APAC region. We believe the market for this type of capital offers investors an attractive risk adjusted return, while at the same time providing the market with a capital solution that will help drive the build-out of much needed energy solutions.
