CIP's Green Credit Fund Secures €1.3 Billion to Accelerate Energy Transition

COPENHAGEN, Denmark – March 10, 2026 – Copenhagen Infrastructure Partners (CIP) has successfully secured EUR 1.3 billion in capital commitments at the first close of its second flagship credit fund, CI Green Credit Fund II (GCF II). The strong showing, which puts the fund well on its way to a target of EUR 2 billion, underscores the immense and growing appetite from institutional investors to finance the global shift to renewable energy through private debt.

The fund attracted a global consortium of sophisticated investors, including sovereign wealth funds, insurance companies, and pension funds from North America, Europe, and the Asia-Pacific region. CIP itself also made a significant commitment, signaling strong internal conviction in the strategy. GCF II will provide credit solutions for renewable energy projects, energy-transition companies, and related infrastructure, focusing primarily on higher-yielding, senior secured debt in stable OECD jurisdictions.

“We are very pleased to have reached a strong first close for our flagship credit fund, with impressive support from existing and new investors,” said Jakob Groot, Partner and Co-Head of the CIP Credit Platform. “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.”

Tapping a Surging Market for Green Debt

The successful fundraise arrives at a critical moment for the energy sector. Global investment in the low-carbon energy transition reached a record $1.77 trillion in 2023, yet the scale of capital required to meet international climate goals remains monumental. To achieve the target of tripling global renewable power capacity by 2030, an estimated $8.6 trillion in investment is needed, with industry analysts projecting that approximately 72% of this will come from debt financing.

This creates a vast and compelling market for specialized credit funds like GCF II. Institutional investors are increasingly turning to green credit as an asset class that offers not only the potential for attractive, risk-adjusted returns with low correlation to public markets but also a direct and measurable impact on decarbonization efforts. The growth of the green bond market, which has surpassed $3 trillion in outstanding value, is a clear indicator of this trend. CIP’s fund provides a vehicle for investors to move beyond labeled bonds and into direct project financing, where they can support the development of tangible greenfield assets.

GCF II is designed to fill a crucial gap in the market, providing flexible credit solutions that are essential for developing, constructing, and refinancing renewable energy infrastructure. By focusing on private project finance debt, the fund can support projects that might not have access to traditional bank lending or public bond markets, thereby accelerating the deployment of new clean energy capacity.

A Proven Strategy and Expanding Portfolio

CIP's credit platform, established in 2022, is not treading new ground. The predecessor fund, CI Green Credit Fund I (GCF I), has already set a successful precedent. GCF I is now fully committed, having deployed its capital across 12 diversified global investments spanning various technologies and debt structures. The fund marked a significant milestone with its first full project realization in the fourth quarter of 2025, validating its investment thesis and demonstrating its ability to deliver returns to investors.

Building on this momentum, GCF II has already made its inaugural investment, providing refinancing for a large-scale Dutch portfolio of solar and battery energy storage system (BESS) assets totaling 450MW of capacity. This move highlights the fund's strategy of targeting key technologies that are fundamental to a stable and modern green energy grid, where intermittent power sources like solar are balanced by energy storage.

The fund’s strategy emphasizes a balanced and diversified portfolio across transaction types, project lifecycles, geographies, and technologies. This includes investments in solar, onshore and offshore wind, energy storage, and other energy transition-enabling infrastructure. By focusing on senior secured credit, the fund positions itself at a lower-risk tier of the capital stack while still targeting the higher yields associated with complex, capital-intensive energy projects.

Navigating Risks and Rewards in Energy Transition Finance

Investing in the energy transition is not without its challenges. Projects are exposed to a range of risks, including shifting regulatory landscapes, potential changes to government subsidies or tax credits, and the inherent volatility of energy markets. Furthermore, technology risk remains a factor as the pace of innovation can render existing systems less competitive over time.

CIP's approach is engineered to mitigate these risks through several strategic pillars. The firm's deep industrial heritage, with over 2,300 employees and a portfolio of approximately 150 GW of energy projects, provides it with unparalleled technical and operational expertise. This allows CIP to enter projects at an early stage, diligently de-risking them through development and construction before committing long-term capital.

Geographic and technological diversification across the OECD provides a natural hedge against localized policy changes or market disruptions. By operating primarily in mature markets in Europe, North America, and select APAC countries, the fund targets regions with more predictable legal and regulatory frameworks. This disciplined underwriting, combined with the security of senior debt positions, creates a robust framework designed to protect investor capital while capturing the significant opportunities presented by the global demand for clean energy.

A Broader Vision for a Decarbonized Future

GCF II is a key component of CIP's comprehensive vision to finance the entire energy infrastructure value chain. As one of the world's largest fund managers dedicated to energy infrastructure, with approximately EUR 37 billion raised to date across 15 funds, CIP invests across the spectrum—from power generation and transmission to advanced bioenergy and carbon capture.

The credit platform, which has raised roughly EUR 2.6 billion since its 2022 inception, complements the firm's extensive equity investment activities. It enables CIP to offer a full suite of financing solutions, supporting projects from the earliest greenfield stages through to full operation. This integrated approach not only maximizes value creation but also solidifies CIP's role as a one-stop-shop for developers and a pivotal partner in the global energy transition.

As the world races to build a sustainable energy system, the mobilization of private institutional capital through specialized vehicles like GCF II is no longer just an alternative—it is an absolute necessity. The fund’s successful first close is a powerful testament to the financial community's readiness to build the critical infrastructure that will power a decarbonized global economy.