I Squared Capital has closed its first dedicated climate fund set up in conjunction with the U.S. International Finance Development Corp. (DFC).
DFC will commit $300 million alongside $900 million of commitments from funds led by I Squared Capital.
The fund will invest in climate-related infrastructure projects.
“The opportunity to invest alongside DFC underscores the importance of public-private partnerships as vehicles to support sustainable infrastructure in the markets that need it most,” said Sadek Wahba, chairman of I Squared Capital. “It also mitigates regulatory and political risk and enables investments in infrastructure-related sectors at attractive risk-adjusted returns in high-growth emerging economies.”
I Squared Capital funds have committed $7.9 billion to infrastructure investments in emerging markets across a diverse group of sectors, including energy, utilities, transportation, social infrastructure, digital infrastructure and env
