I Squared Capital, a New York-based investment firm, has closed its ISQ Global Infrastructure Fund II at $7 billion. Receiving commitments from more than 100 institutional investors, the new infrastructure fund exceeded its initial target of $5 billion.
Sadek Wahba, Managing Partner at I Squared, said, The fund is already 24% invested with portfolio companies in the US, Europe, Canada, Hong Kong and Latin America.
We currently see opportunities globally with attractive risk-adjusted returns across different sectors including energy, telecom, transport, and utilities in the US and Europe as well as in high-growth economies including India, China and Latin America, he further added.
The company has over $13 billion in assets under management from institutional investors. The funds on behalf of the U.S. governments Overseas Private Investment Corporation are also managed by the I Squared Capital.
Having a team of more than 100 professionals, the New York-based investment firm is present in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.