PIF and I Squared Capital have signed an agreement for I Squared to pursue the deployment of up to $2 billion in real estate and infrastructure assets owned by PIF and its portfolio companies.
PIF and I Squared will work closely with PIF portfolio companies to identify opportunities in both digital infrastructure and district cooling — both critical enablers of the real estate sector. I Squared will target allocating up to $1 billion in each of these areas with the option to scale across additional related business themes.
The agreement aligns with PIF’s 2026–2030 strategic objectives to partner with global investors on opportunities within its portfolio and maximize value of PIF portfolio companies. The collaboration is expected to further accelerate project delivery and increase the contribution of third‑party capital into opportunities across the portfolio.
“PIF presents an unprecedented pipeline of real estate and infrastructure projects in the mod
