Danish infrastructure asset manager AIP Management has pulled in €2 billion from investors following the first close of its latest clean energy infrastructure fund.
The fifth flagship to be launched by AIP, it debuted in March 2025 with an investment target of €3 billion. A final close is expected to take place before the end of 2026.
According to AIP, the fund was deliberately sized at €3 billion to “reflect today’s opportunity set, deployment pace and our focus on maintaining a disciplined investment approach”.
The fund is a 15-year vehicle that plans to build a portfolio of 10-12 assets across key infrastructure sectors with a heavy focus on energy transition assets in Europe.
The fundraising reflects the growing investor interest in infrastructure funds – in 2025, nearly €300 billion was raised, more than three times the previous highest total which was the near €100 billion raised in 2021-22.
AIP was founded in 2012 by Danish pension fund PKA and is jointly owned by Norwegian asset manager Storebrand and the management team. The firm has around €10 billion in assets under management.
