• €1.3 billion raised toward a €2 billion target for the CI Green Credit Fund II
• Institutional investors including sovereign wealth funds, insurers and pension funds anchor the fund
• First investment refinances a 450MW Dutch solar and battery storage portfolio

 Copenhagen Infrastructure Partners (CIP) has reached a €1.3 billion first close for its CI Green Credit Fund II (GCF II), marking a significant step in expanding institutional financing for renewable energy and energy transition infrastructure.

The fund is targeting a total raise of €2 billion and includes commitments across a closed-ended fund, an evergreen investment vehicle and discretionary co-investments.

CIP said the new fund will focus on providing credit financing to renewable energy projects and companies involved in the global energy transition, primarily across OECD markets including Europe, North America and selected jurisdictions in the Asia-Pacific region.

Institutional Capital Backs Energy Transition Credit

GCF II has secured commitments from a broad group of institutional investors globally, including sovereign wealth funds, insurance companies and pension funds. CIP itself has also committed capital to the strategy.

The fund aims to generate higher-yielding returns through senior secured credit investments tied to energy transition infrastructure and related sectors.

“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.”

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First Investment Targets Solar and Battery Storage

CIP has already deployed capital from the new fund. Its first transaction refinances a Dutch portfolio of solar and battery energy storage system (BESS) assets with a combined capacity of 450 megawatts.

The investment highlights the fund’s strategy of providing credit solutions across different stages of renewable infrastructure development, including refinancing and project lifecycle financing.

Growing Role of Private Credit in Energy Transition Finance

The fund reflects a broader shift in energy transition finance, where institutional investors are increasingly allocating capital to private credit strategies that finance renewable infrastructure. As global renewable deployment accelerates, infrastructure debt funds are emerging as a complementary source of capital alongside traditional project finance banks and equity investors.

For investors, these strategies offer exposure to renewable infrastructure through debt instruments designed to deliver stable cash flows and diversified portfolio returns.

Building on the First Green Credit Fund

The predecessor vehicle, CI Green Credit Fund I, has completed its investment period after deploying capital across 12 global investments diversified by technology, geography and debt structure. The fund reached full capital deployment and recorded its first full realisation in the fourth quarter of 2025.

With GCF II now active, CIP said it sees a growing pipeline of opportunities to provide structured credit financing for renewable energy infrastructure and energy transition companies.

The strategy aims to offer institutional investors exposure to energy transition assets through debt investments designed to deliver stable, risk-adjusted returns while supporting the expansion of renewable energy capacity and related infrastructure.

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