I Squared Capital is nearing $10 billion in commitments for its latest flagship infrastructure investment vehicle, underscoring strong institutional demand for assets tied to energy systems, transportation networks, and digital infrastructure, according to Bloomberg.
The infrastructure-focused investment firm has raised the capital in roughly nine months and is approaching about two-thirds of its $15 billion fundraising target, according to an investor letter cited in media reports. The initial fundraising round is expected to conclude this month.
The new fund reflects an intensifying competition among global asset managers seeking exposure to large-scale infrastructure assets such as electric grids, transport systems, and data centers, sectors that are drawing investor interest amid rising demand for power capacity and digital connectivity.
I Squared Capital was founded in 2012 by former Morgan Stanley infrastructure executives Sadek Wahba and Gautam Bhandari. The firm was established to focus exclusively on global infrastructure investing, targeting sectors such as energy, utilities, transportation, telecommunications, and environmental services. Since its launch, the firm has expanded into one of the larger dedicated infrastructure investment platforms globally, managing investments across North America, Europe, Asia, and Latin America while backing assets tied to energy transition, digital infrastructure, and transportation networks.
The latest fundraising effort comes as infrastructure assets continue to attract large pools of institutional capital, including pension funds and sovereign wealth funds, which seek stable cash flows and inflation-linked returns from essential services.
