I Squared Capital, a global infrastructure investment manager, has held a $7 billion final close for ISQ Global Infrastructure Fund II, exceeding an initial target of $5 billion. The fund received commitments from more than 100 institutional investors with oversubscribed demand and a re-up rate reaching over 80 percent from the previous fund.
“The fund is already 24 percent invested with portfolio companies in the U.S. midstream sector; the leading trailer and trailer services provider in Europe and Canada; the second-largest telecom fiber network in Hong Kong; and nearly 3,400 megawatts of power generation in nine countries across Latin America,” stated Sadek Wahba, managing partner of I Squared Capital. “We currently see opportunities globally with attractive risk-adjusted returns across different sectors including energy, telecom, transport, and utilities in the U.S. and Europe as well as in high-growth economies including India, China and Latin America.”
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