Thoughts on Copenhagen Infrastructure Partners (CIP)?
Hi all -
Just wanted to get anyone's thoughts on CIP? Currently looking at an opportunity with them for an Associate role, specifically Project Finance for Copenhagen Infrastructure Services Co. - their OpCo for greenfield project development.
Does anyone have any experiences or anecdotes about the company? Work culture, hours, etc.?
Thanks.
Based on the WSO Dataset, there isn't a wealth of detailed personal anecdotes specifically about working conditions or culture at Copenhagen Infrastructure Partners (CIP). However, it's noted that someone was seeking insights from others who might have worked for or with CIP, indicating a general curiosity about the company within the community. This suggests that while direct experiences are not extensively documented, there is an interest in the company, possibly due to its involvement in the renewable energy investment fund sector.
If you're considering a role in Project Finance at Copenhagen Infrastructure Services Co., it might be beneficial to focus on the company's strong involvement in greenfield project development within the renewable energy sector. This could suggest a dynamic and potentially demanding work environment, given the complexities and scale of greenfield projects. However, specific details on work culture and hours were not provided in the available information.
For a more comprehensive understanding, you might consider reaching out directly on the forums or connecting with current or past employees on professional networking platforms for firsthand accounts.
Sources: Thoughts on Global Infrastructure Partners (GIP)?, Copenhagen Infrastructure Partners, Infrastructure at Canadian Pensions (PSP and CDPQ), GIP Culture, London Investment Banking Culture/Hours
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Limited info from people working with them:
Very good technically as Management comes from a technical background. Very presentation-heavy with endless IC papers. Friend work on a buy-side with them and had to work crazy hours for them.
Comp should be good for EU standards
They’ve been very successful last couple of years even as most other infra funds and corporates have been struggling with supply chain costs etc. The founding partners all came from Orsted and so very rich knowledge on technicals.
I know because they’ve been growing very fast, their model is decentralized and partners have a lot of autonomy for their own regions/deals, so there is likely great variation in WLB experiences and training. Danish people tend to take vacations and weekends seriously though as family life very important
But for sure one of the best funds out there in terms of expertise for strictly clean energy
I’m not extremely familiar with CIP, however I did apply there a year or two ago for an internship role and had a coffee chat with a senior, and what I’m going to say very much echoes what has already been mentioned.
In terms of working culture, Scandinavia is rather relaxed especially in comparison to what is said about the U.S work culture, coming from a Scandinavian who has lived between London/Paris and currently working in Paris. Family is very important as mentioned, and there is a strong importance placed on work/life balance. That being said, Analyst/Associate level roles would still require a solid 70h work week. The level of growth which CIP has seen can be extrapolated to support this, although I know the aforementioned work hours as a fact. This may also vary across different office locations.
People at CIP typically have a background in engineering and/or finance, more of a split than your typical STEM field split across firms in EU/U.S. The work is very technical and you’re expected to have a pretty wide knowledge set in the energy sector. In terms of compensation, I don’t have a concrete figure but, perhaps obviously, you’re looking at below European BB levels, so maybe in the region of €70k/year base for An2/3, although this is a pure estimation.
From having networked with people at CIP, the work does sound very interesting/stimulating although I can’t speak to any personal experiences, purely from what I’ve heard from others.
Comp is way off. At least 30-50% higher base in Copenhagen. People tend to forget that Denmark has very high salaries (pretax ofc).
Great topic, I’m also wondering if anyone here knows why CISC is structured this way as part of CIP. Curious how the CIP and CISC interact with each other on a day-to-day basis. Appreciate it if anyone can shed more light on this!
CISC is their operator, a lot of infrastructure firms have a third party operator that sits adjacent but separate to the actual fund.
Reasoning is because PE firms have to rationalize their management fees to investors, and rather than having a higher headcount at investment adviser level, they rather expense third party costs (both diligence and O&M/asset management fees) directly to third party operator on a deal-by-deal or at the project company level.
similar to Kindle at Bx
Thanks for sharing! Career development wise, how realistic it is for the operator experience transferable to the actual fund, or IBD is the only way to the fund side?
Worked with CIP before, they are extremely sharp, detailed, diligent.
Pros: They have a ton of capital to deploy, and I believe they are finding it harder to deploy that capital right now, which is a good problem given where the fundraising environment is at right now. With that said, they have struggled recently especially with some of their OSW (Vineyard Offshore) investments and I think its a bit of a wake up call (chasing management fees over carry, per se).They have analysts so you have more junior level support at the associate / VP level. Higher management fees means more headcount overall. Echo the above commentator that being European means vacations and summer are more respected.
Cons: They are sharp, but the extra layers makes it a bit hierarchal and chained to some of the internal processes (would not say they are a nimble bunch). You're also removed from the Danish HQ, but I would not worry that it makes it hard to get deals done, I think their strategy focuses on regional autonomy and partners can get deals done pretty easily. Not sure about comp but I sense the extra headcount and layers does not lend itself to crazy comp numbers.
Solid place to work overall, I think.
This is great insight thank you - do you know which office/Fund you were interacting with?
bump, any insight or their Business Development division? The website claims 70 employees globally in IR/Fundraising, which seems disproportionate relative to its AUM
Their portcos have started layoffs in the US.
Wouldn’t want to work there if you’re asking about a US role.
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