Copenhagen Infrastructure Partners (CIP) has reached the first close of its CI Green Credit Fund II (GCF II), raising €1.3 billion ($1.41 billion) in committed capital and targeting a total fund size of €2 billion.
The fund has secured commitments from global institutional investors including sovereign wealth funds, insurance companies and pension funds, alongside a significant commitment from CIP itself.
GCF II will provide credit financing to renewable energy projects, energy transition companies and related infrastructure, primarily across OECD markets in Europe, North America and selected Asia-Pacific regions. The strategy focuses mainly on senior secured credit investments offering higher-yielding debt solutions.
CIP said its predecessor fund, GCF I, has completed its investment period after making 12 investments globally across different technologies and debt structures, with its first full realisation completed in Q4 2025.
GCF II has already made its first investment, providing refinancing for a 450MW portfolio of solar and battery energy storage (BESS) assets in the Netherlands.
“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,” 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,” he added.
