I Squared Capital has raised more than $2.4 billion for its ISQ Global Infrastructure Credit Fund II, bringing it to a final close. And with more than $600 million in commitments and expected commitments to co-investment vehicles, the strategy is expected to reach $3 billion — double the original $1.5 billion target.
I Squared noted the vehicle was more than four times the size of its predecessor fund, reflecting strong demand from institutional investors for infrastructure credit.
ISQ Global Infrastructure Credit Fund II lends to mid-market businesses that own and operate essential infrastructure, including power generation and grids, fiber networks and data centers, and ports, terminals, and logistics. It provides predominantly senior financing across North America and Europe, and its loans are secured by physical assets and supported by contracted or regulated cash flows. According to I Squared, the fund already has committed approximately 37 percent of its capita
