Copenhagen Infrastructure Partners has raised €1.3 billion at first close for CI Green Credit Fund II, its flagship renewable energy credit strategy. The fund targets €2 billion total and includes commitments from sovereign wealth funds, insurance companies, and pension funds. CIP also committed capital, demonstrating strong internal conviction in the strategy.

This latest fund follows the successful deployment of CI Green Credit Fund I, which completed its investment period after funding 12 global projects across multiple energy technologies. The new fund has already deployed capital, providing refinancing for a Dutch solar and battery storage portfolio totaling 450MW. The strategy focuses on OECD markets including Europe, North America, and select Asia-Pacific jurisdictions.

The fund aims to deliver attractive risk-adjusted returns through higher-yielding senior secured debt investments in renewable energy projects and energy transition companies. With energy infrastructure investment accelerating globally, CIP's latest raise signals continued strong institutional appetite for green credit strategies that offer both financial returns and decarbonization impact.