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Laxman Pai, Opalesque Asia:

Copenhagen Infrastructure Partners (CIP) held the final close of its fifth flagship fund, Copenhagen Infrastructure V, raising more than €12 billion ($13 billion) and establishing a robust pipeline for renewable energy infrastructure investments.

The total excludes capital raised for co-investments, a news release from the Danish investment firm said. It plans to take advantage of projects being sold at a discount by firms leaving the green energy sector.

The low-carbon energy fund invests in the energy transition across technologies including wind, solar, and battery storage, in Organization for Economic Cooperation and Development countries in Europe, North America, and Asia-Pacific.

"Reaching 12 billion euros is a fantastic result and a testament to our proven industrial approach to energy infrastructure investments. I am proud that several of the world's largest and most sophisticated investors are committed to CIP, and I am delighted to have the support of our existing investors once again and welcome many new investors to our platform," said Jakob Baruel Poulsen, Managing Partner at Copenhagen Infrastructure Partners.

The $533.4 billion California Public Employees' Retirement System, Sacramento, disclosed $324 million to the fund in materials for its upcoming March 17 investment committee meeting. The world's largest sovereign wealth fund, run by Norges Bank Investment Management, in August, committed to investin......................

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