AIP Management Secures US$2.36 Billion at First Close of Fifth Energy Transition Fund

Danish infrastructure asset manager AIP Management has secured €2 billion (US$2.36 billion) from investors at the first closing of its fifth flagship energy transition infrastructure fund, AIP V.

AIP’s fifth flagship fund, launched in March 2025, is currently raising capital from global institutional investors with a target size of €3 billion (US$3.54 billion). AIP is a Denmark-based asset manager focused on energy infrastructure investments and is owned by Storebrand, PKA, Pensam and AIP’s partners. Following Storebrand’s acquisition of a majority stake in the management company, the AIP platform now operates as part of Storebrand Asset Management’s multi-boutique structure, where it is positioned as a market leader in sustainable investment strategies. Since being established in 2012, AIP has raised approximately €10 billion (US$11.9 billion) and invested across 29 renewable energy projects.

AIP V has already made investments in three renewable energy projects, working alongside industrial partners, including projects in the energy storage sector. Most of the fund’s capital is expected to be deployed in Europe, reflecting the growing demand for secure, locally produced and independent energy supply. Plesner’s Private Investment Funds team has advised AIP as fund counsel on the fundraising process.