About This Fund
Copenhagen Infrastructure Growth Markets Fund II (CI GMF II, SCSp) is a Luxembourg-domiciled infrastructure fund managed by Copenhagen Infrastructure Partners (CIP), the world's leading dedicated fund manager for greenfield renewable energy investments. Launched at COP28 in Dubai on December 4, 2023, CI GMF II targets USD 3 billion in commitments and succeeds CI Growth Markets Fund I, which reached a final close of USD 1 billion in November 2019. CIP was founded in Copenhagen in 2012 and manages approximately EUR 26 billion across 12 infrastructure funds for more than 150 institutional investors, employing around 400 professionals across 12 global offices.
CI GMF II deploys equity in large-scale, complex greenfield energy infrastructure projects across 15 selected high-growth, middle-income markets in Asia, Latin America, and EMEA — including India, Vietnam, the Philippines, Mexico, and South Africa. The fund targets five technology types: offshore wind, onshore wind, solar PV, utility-scale battery storage, and Power-to-X. Each investment requires meaningful European supply chain and industrial participation, positioning CI GMF II at the intersection of institutional infrastructure investment and the EU's Global Gateway development-finance initiative. In June 2024, the European Investment Bank committed USD 100 million (EUR 93 million) to the fund, recognising its alignment with EU development objectives and bilateral clean-energy partnerships in the target geographies.
CIP's predecessor fund, Growth Markets Fund I, deployed a build-and-exit strategy that produced projects including a 1.7 GW solar-hybrid complex in India (Unicus) and renewable assets in South Africa (Mulilo), demonstrating the manager's ability to originate, develop, and exit large-scale clean energy infrastructure in emerging markets. CI GMF II's project pipeline already represents more than USD 5 billion in potential committed capital, significantly exceeding the fund's USD 3 billion target and reflecting the depth of the development pipeline CIP has cultivated across Asia, Latin America, and Africa over its first decade. CIP's broader platform has since grown to manage approximately EUR 37 billion across 15 funds as of 2025, giving CI GMF II access to the same construction oversight, O&M capabilities, and institutional LP relationships deployed across the manager's flagship Northern European and North American funds.