I Squared Capital closes $3bn infrastructure credit fund above target
Tuesday, November 3, 2026 · first reported by Private Equity Wire and 8 others
I Squared Capital has wrapped up fundraising for ISQ Global Infrastructure Credit Fund II, which closed with over $2.4bn in commitments. Co-investment vehicles account for another $600m, whether already pledged or anticipated, so the strategy as a whole stands at $3bn. That is twice the $1.5bn the firm first aimed for, and the fund is four times the size of the one before it.
Seven investments have so far absorbed around 37 per cent of the capital. The fund lends to mid-market businesses owning and running essential infrastructure, among them power generation and grids, fibre networks, data centres, ports, terminals and logistics. Latham & Watkins was legal counsel to I Squared and the fund.
- Fund
- ISQ Global Infrastructure Credit Fund II
- Size
- $3B
- Stage
- Final close
- Asset class
- Private equity, Credit, Infrastructure
- Geography
- North America, Europe
Advisers Latham & Watkins (fund counsel)
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Coverage
9 sources- Private Equity WireI Squared Capital closes $3bn infrastructure credit fund above target
- Alternative Credit InvestorI Squared Capital hits $3bn for infra credit strategy
- IREII Squared Capital obtains $3b of commitments for second infra credit strategy
- Alternatives WatchI Squared lines up $3bn for second infra credit strategy, double its target
- Business WireI Squared Capital Closes Second Infrastructure Credit Strategy With $3 Billion of Commitments
- citybizI Squared Capital Closes $3 Billion Infrastructure Credit Strategy, Doubling Fundraising Target
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