CIP Closes $3 Billion Growth Markets Fund II, Committing $1.6 Billion Across 9 Deals
Updated
Updated · Energy-Storage.news · Aug 19
CIP Closes $3 Billion Growth Markets Fund II, Committing $1.6 Billion Across 9 Deals
3 articles · Updated · Energy-Storage.news · Aug 19
Summary
$3 billion in final commitments gives Copenhagen Infrastructure Partners a fund nearly three times the size of its predecessor, aimed at large-scale energy infrastructure in 15 emerging markets.
$1.6 billion has already been allocated across nine investments, and CIP said the portfolio is already valued above paid-in capital at final close.
Chile features the fund's largest standalone battery storage project, which CIP said entered service below construction budget, while the manager expects GMF II to be fully committed within one to two years.
GMF I is now expected to deliver about 8.7GW across more than 50 projects in India and South Africa, underscoring CIP's broader push after raising more than €12 billion for its CI V fund in March.