I Squared Capital to Raise upto $4B for Second Infrastructure Fund

Global Infra-Investor I Squared Capital raised a second infrastructure fund, and it could raise as much as $4 billion to invest in infrastructure assets globally and in India very soon.

Off-lately, I Squared Capital had announced the final close of its first infrastructure fund— named ISQ Global Infrastructure Fund—at $3 billion (in April 2015)

Founded in 2012 by former Morgan Stanley executives, I Squared Capital is an independent global infrastructure investment manager that is focused on energy, utilities and transport in North America, Europe and some high-growth economies. It was started by Sadek Wahba (former global head of Morgan Stanley Infrastructure), Gautam Bhandari (earlier head of Morgan Stanley Infrastructure in India, Middle East and sub-Saharan Africa) and Adil Rahmathulla (the head of investment execution in the Americas for the group).

The firm has invested in hydropower, gas-fired power generation, as well as district energy systems in the US, wastewater treatment plants in China and energy assets in South America.

In India, I Squared Capital had plans to invest up to $1 billion, from its first fund, in infrastructure assets such as roads, logistics and rooftop solar power projects, Mint reported in June 2016.

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