I Squared Capital raises new USD 7bn global infrastructure fund

I Squared Capital, a global infrastructure investment manager, has closed its ISQ Global Infrastructure Fund II at the USD 7 billion legal cap, exceeding an initial target of USD 5 billion, the company said.

The fund received commitments from over 100 institutional investors with oversubscribed demand and a re-up rate reaching over 80 percent from the previous fund.

I Squared Capital has over USD 13 billion in assets under management from institutional investors including pension funds, insurance companies, sovereign funds, asset managers and family offices, as well as managing funds on behalf of the US government´s Overseas Private Investment Corporation (OPIC). The firm has a diverse team of over 100 professionals based in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.

Gibson, Dunn & Crutcher LLP acted as fund counsel and Evercore acted as placement agent.

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecommunications and transport in the Americas, Europe and Asia. The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.