Copenhagen Infrastructure Partners has raised €1.3bn, approximately $1.4bn, at first close for its flagship credit strategy, CI Green Credit Fund II.

The fund is targeting a total raise of €2bn and includes commitments across a closed-ended fund, an evergreen vehicle, and discretionary co-investment structures.Institutional investors including sovereign wealth funds, insurance companies, and pension funds participated in the first close. Copenhagen Infrastructure Partners also committed capital to the strategy, signalling strong internal conviction in the fund.

The strategy will provide credit financing to renewable energy projects and energy transition companies. Investments will focus primarily on OECD markets, particularly Europe, North America, and selected Asia-Pacific jurisdictions.

The fund targets higher-yielding senior secured debt investments and aims to deliver attractive risk-adjusted returns with limited correlation to other asset classes.

“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,” said Jakob Groot, Partner and Co-Head of the CIP Credit Platform.

The predecessor strategy, CI Green Credit Fund I, completed its investment period after deploying capital across 12 global investments covering multiple energy technologies and financing structures. The fund achieved its first full realisation in Q4 2025.

CI Green Credit Fund II has already deployed capital into its first transaction. The fund provided refinancing to a Dutch portfolio of solar and battery storage assets representing approximately 450MW of installed capacity.

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