Fund manager Copenhagen Infrastructure Partners (CIP) said today that Martin Neubert, an Ørsted executive, will join the company in the summer as partner, group chief investment officer (CIO) and member of the CIP management board.
Group CIO is a new role for CIP, representing a natural next step in scaling the business, which has become a large renewable energy investor. CIP has raised over EUR 19 billion (USD 20.3bn) in the past decade and aims to have EUR 100 billion under management by 2030. The new position is also part of the company’s preparations for the raising of its next flagship fund, CI V.
Martin Neubert will become part of CIP in July at the latest. His departure from Ørsted, where he most recently held the position of chief commercial officer and deputy group CEO, was announced in October last year in relation to a reorganisation at the Danish clean energy group.
Neubert said he had considered a number of opportunities for CEO and other executive roles in the energy transition sector in northwestern Europe before choosing to join CIP.
He also commented: “I feel privileged to join CIP at a time, where I can use my years of experience at Ørsted to further strengthen the cooperation between our two companies and their complimentary business models building upon the recent partnership around offshore wind projects in Denmark.”
Managing partner at CIP, Jakob Baruel Poulsen, said Neubert will bring a strong track record from the renewables industry, substantial offshore wind experience and deep financial market expertise.
(EUR 1 = USD 1.066)
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