I Squared Capital’s Fundraising Progress
I Squared Capital has raised almost $10bn in the first nine months for its latest flagship infrastructure fund, representing roughly two-thirds of its $15bn target, according to Private Equity Wire. The firm, founded by former Morgan Stanley executives, is seeking investments in energy, transport, and data centre assets as part of its competition with other private equity managers.
Firm’s Overall Strategies
Across its various strategies, I Squared Capital is approaching $17bn in total fundraising, which includes $2bn raised towards a targeted $3bn fund for infrastructure projects in high-growth markets. The firm has also secured $2.5bn for credit investments, exceeding its initial $1.5bn goal, as reported in the same source.
Capital Deployments
I Squared Capital has deployed capital from its flagship fund into specific projects, including Indian toll roads and a North American tyre recycling business, demonstrating active investment in infrastructure assets.
Global Infrastructure Market Context
Private infrastructure funds globally raised a record $208bn in 2025, more than double the amount raised two years prior, according to BlackRock’s Preqin data, according to Private Equity Wire. As a widely-known trend, infrastructure investments have grown in prominence due to increasing demands in energy and digital sectors, providing context for firms like I Squared’s fundraising efforts.
