The Sacramento County (Calif.) Employees’ Retirement System (SCERS) has made a $50 million follow-on commitment to ISQ Global Infrastructure Fund III, a spokesperson for the fund confirmed in an email.
ISQ Global Infrastructure Fund III, managed by I Squared Capital Advisors, opened to investors in August 2020 and is seeking to raise $12 billion in equity commitments.
Like its predecessors in the fund series, Fund III will invest in mid-market platforms and large opportunistic transactions in the target infrastructure sectors across North America, Europe, Asia and Latin America.
As of September, Fund III had raised $1.65 billion in commitments and has held subsequent rolling closes, raking in some $4.3 billion to date, according to a document posted by another investor, the Connecticut Retirement Plans and Trust Funds, in November 2020.
