CIP closes $3bn growth fund with $1.6bn deployed across nine deals

Copenhagen Infrastructure Partners has closed its Growth Markets Fund II at $3 billion, per Renews.biz. The fund has already deployed $1.6 billion across nine investments, signalling a rapid pace of capital allocation into clean energy infrastructure in emerging and growth markets.

Separately, Brookfield and La Caisse have completed their acquisition of Canadian renewable developer Boralex. The company will be delisted from the Toronto Stock Exchange next week, marking the end of its run as a publicly traded entity.

On the UK side, Drax has acquired Flexitricity, a domestic asset optimisation platform, according to Energy Live News. The deal extends Drax's reach into demand-side flexibility and aggregation, a segment drawing increasing interest as balancing markets tighten across Great Britain.