I Squared Capital

Miami, United StatesEst. 2012280 employeeswww.isquaredcapital.com

$40.00B AUM

infrastructureprivate debt

I Squared Capital is a leading independent global infrastructure manager with over $40 billion in assets under management focused on investing in North America, Europe, Asia, and Latin America. The firm is headquartered in Miami and has more than 280 professionals across its offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney, and Taipei.

Manager news

I Squared Capital Announces $300 Million Investment from Rest into its Credit Strategy

Rest, one of Australia’s largest profit-to-member superannuation funds managing AUD $93 billion, has committed USD $300 million to I Squared Capital's infrastructure credit strategy.

I Squared Capital

I Squared Capital Appoints Philippe Lenoble and Bogdan Ciobotaru as Managing Directors

I Squared Capital has announced the appointment of Philippe Lenoble and Bogdan Ciobotaru as Managing Directors in its London office, bolstering its investment and asset management teams.

I Squared Capital

I Squared Capital Appoints Ben Harper As Managing Director, Head Of Sustainability

I Squared Capital has appointed Ben Harper as its new Head of Sustainability, based in the firm's Miami office. Ben brings extensive experience in environmental, social, and governance (ESG) strategies, having previously served as Managing Director and Head of ESG at Stonepeak, and Head of Corporate Sustainability at Zurich North America Insurance.

I Squared Capital

I Squared Capital Appoints Patricia Menéndez Cambo as General Counsel

I Squared Capital has appointed Patricia Menéndez Cambo as its new General Counsel. Patricia, who joins from SoftBank Group, brings a wealth of legal experience, having previously served as Managing Partner and Deputy General Counsel at SoftBank, as well as holding various leadership roles at Greenberg Traurig and Telefónica.

I Squared Capital

I Squared’s Cube Green Energy Joins Forces with SUNfarming, a Leading German Agri-PV Developer, to Fund Future Growth

I Squared Capital’s renewables platform, Cube Green Energy, has signed an agreement to acquire control of SUNfarming, a leading German photovoltaic (PV) developer specializing in solar projects on agricultural land (Agri-PV).

I Squared Capital

I Squared Announces Acquisition of Philippines Coastal Terminal in Subic Bay, Philippines

I Squared Capital has entered into an agreement to acquire Philippines Coastal Storage & Pipeline Corporation (Philippines Coastal) and its affiliate entities.

I Squared Capital

I Squared Announces Guillaume Pepy as Senior Policy Advisor

I Squared Capital has appointed Guillaume Pepy, former CEO of the French national rail group SNCF, as a Senior Policy Advisor. With his extensive experience in the transportation industry, Guillaume will support I Squared’s investment teams and portfolio companies, particularly within the mobility sector.

I Squared Capital

I Squared Announces Radhika Fox as Senior Policy Advisor

I Squared Capital has appointed Radhika Fox, an expert in environmental and water infrastructure, as a Senior Policy Advisor. Radhika will provide strategic guidance on environmental infrastructure, particularly focusing on water policy and regulation.

I Squared Capital

I Squared Announces Acquisition of Texas-Based Energy Services Firm, Priority Power

I Squared Capital has entered into an agreement to acquire Priority Power Management, a leading provider of energy management and infrastructure solutions in the U.S. Priority Power, based in The Woodlands, Texas, serves commercial and industrial clients across more than 40 states.

I Squared Capital

I Squared to Invest $200 Million for “Last-Mile” Electric Grid Infrastructure in the UK

I Squared Capital has acquired a controlling stake in Aurora Utilities Limited (Aurora), an Independent Distribution Network Operator (IDNO) in the UK.

I Squared Capital

Strategies

Energy Transition InfrastructureInfrastructure

I Squared is a global investor in energy transition infrastructure with over $7 billion in commitments to the broader energy transition space, helping to foster a shift away from fossil fuel reliance. Our Energy Transition Infrastructure strategy focuses on North America and Europe, embracing the full breadth of clean energy—from its creation and storage to its journey into homes and businesses. We’re committed to achieving solid returns, trusting in methods that have stood the test of time and steering clear of unnecessary risks. Our expertise lies in partnering with mid-sized companies that champion a “platform” approach, seeing in them ample opportunity and adaptability. Our dedicated team are more than investors; they’re partners, guiding our portfolio companies towards resilient solutions. Energy Transition

Global EquityInfrastructure

The Global Equity strategy acquires or builds companies through our platform development approach, cultivating a diversified portfolio across sectors and regions, and targeting both mid-market and larger opportunities. We emphasize low correlation with other asset classes, strong downside protection, and attractive risk-adjusted returns with our proprietary risk model. We’re investing in thriving economies, building and acquiring infrastructure assets across North America, Europe, Latin America, and Asia. Our integrated approach fosters knowledge sharing and collaboration among our global infrastructure professionals. Collectively, we possess extensive experience investing, managing and divesting infrastructure related assets across geographies, sectors, and strategies.

Infrastructure CreditPrivate Debt

We are among the leading private financiers for infrastructure projects, targeting both new and existing ventures. Our emphasis lies in secured investments within thriving economies, with a focus on capital safety while aiming to deliver attractive risk-adjusted returns, regardless of market trends. We harness decades of global experience investing in infrastructure assets to carefully evaluate investment opportunities within credit. This enables our dedicated team to partner with infrastructure owners and developers by offering attractive, bespoke capital solutions while balancing risks and returns.

InfraTechInfrastructure

We launched our InfraTech® strategy to identify innovative tech companies that are disrupting the infrastructure value chain. We leverage direct access to a diverse portfolio of infrastructure companies during diligence, which gives us valuable feedback, product testing, and commercial consideration to help us reduce market acceptance risk for our prospective investments. Our strategy combines infrastructure buyout specialists with technology venture investing expertise. Our experience in optimizing infrastructure businesses identifies gaps where innovation might thrive.

Growth MarketsInfrastructure

Our Growth Market strategy focuses on acquiring and modernizing key infrastructure across high-growth economies, targeting mid-range and significant opportunities in utilities, transport, digital infrastructure, community projects, and energy sectors. At the heart of our strategy is our commitment to increasing value while meticulously managing risks through our proprietary risk model. We choose assets by comparing risk and return on a global scale, avoid over-enthusiasm in growing markets, and swiftly secure assets when opportunities arise. Since founding, I Squared Capital’s investments in emerging economies represent $18 billion in enterprise value across 12 countries in diverse sectors including energy, utilities, transportation, social infrastructure, digital infrastructure, and environmental infrastructure. We actively work with multilateral institutions when we invest in Growth Markets including the United States International Development Finance Corporation (or DFC), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), and others. DFC has recently committed to invest $300 million alongside ISQ in projects that seek to support climate change resilience, adaptation, and mitigation in Asia and Latin America. Our localized teams focus on seeking meaningful returns and a commitment to mid-market excellence, all while navigating complex business terrains, regulations, and solutions that genuinely resonate within the communities we serve.

Other managers

Square Nine Capital

New York & Los Angeles, United States

We are a 100% MWBE-owned Senior Loan fund, providing bespoke senior loans to middle-market companies overlooked by traditional private credit investors.

private debt

G Squared

San Francisco, United States

Founded in 2011, G Squared is aligned to a fundamental shift – venture-backed companies stay private longer. As a result, private companies need both primary capital to continue their growth trajectory and transitional capital to provide liquidity to early investors, current and former employees, and other sellers. Positioned at the crux of this liquidity access challenge, G Squared partners with portfolio companies throughout their lifecycle using a fundamentally different approach than traditional VCs. We invest in companies that challenge the status quo and demonstrate a clear path to superior returns, partnering world-class entrepreneurs tackling big problems. G Squared funds have invested in household names such as 23andMe, Coursera, Instacart, Lyft, Pinterest, and Spotify, and in the next generation of disruptors including Auto1 Group, Blend, Bolt, Brex, Capsule, Flexport, Impossible Foods, Toast, and Turo.

private equitysecondary

Bain Capital

Boston, United States

We are one of the world’s leading private investment firms with approximately $180 billion in assets under management that creates lasting impact for our investors, teams, businesses and the communities in which we live. Founded in 1984, we pioneered a consulting-based approach to private equity investing, partnering closely with management teams to offer the insights that challenge conventional thinking, build great businesses and improve operations. Over time, we have organically expanded this approach across asset classes to build one of the strongest alternative asset platforms in the world.

buyoutprivate equityprivate debtspecial situations

ICONIQ Capital

San Francisco, United States

ICONIQ Capital is a global investment firm elevated by an extraordinary community. We seek to build resilient investment portfolios, partner with inspired entrepreneurs transforming industries, manage our clients’ lives and legacies, and create uncommon opportunities across sectors and society. Together, we channel ideas, energy, and capital to strive toward a better future.

private equitysecondary

H.I.G. Private Equity

Miami, United States

H.I.G. Capital is a leading global private investment firm with $66 billion of equity capital currently under management.* H.I.G.'s family of funds includes private equity, real estate, growth equity and debt/credit. H.I.G. Capital has invested in and controlled over 400 organizations globally since it was founded more than 30 years ago. The firm currently manages a portfolio of companies with combined sales in excess of $53 billion. H.I.G. is based in Miami, with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco, and affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, and Paris in Europe as well as Bogotá, Rio de Janeiro, and São Paulo in Latin America, Dubai in the Middle East, and Hong Kong in Asia. H.I.G. focuses on providing capital to small and mid-sized businesses with attractive growth potential. The firm invests in management-led buyouts and recapitalizations of well-managed and profitable manufacturing and service businesses. H.I.G. Capital also has extensive experience with operational turnarounds and financial restructurings. The firm has a proven strategy built around; (1) a flexible investment approach which emphasizes speed as well as responsiveness; (2) a large team with unique skills and capabilities, as well as a "can-do" approach; (3) a long-standing focus on small and medium sized businesses typically from $50-500 million in value, as well as an understanding of the challenges and opportunities these business present. * Based on total capital raised by H.I.G. Capital and its affiliates.

buyoutprivate equitygrowth

CIM Group

Los Angeles, United States

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Our in-house team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we’re a diverse team of more than 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we’re striving to make an even greater impact in the years to come.

infrastructurereal estateprivate debt

Stirling Square Capital Partners

London, United Kingdom

Stirling Square Capital Partners, established in 2002 as a pan-European private equity firm, invests in mid-market companies with enterprise value of €100m to €500m. The firm manages over €3bn on behalf of a global and diverse investor base.

buyoutprivate equity

Equitix

London, United Kingdom

We are a responsible investor, investing in, developing and managing global infrastructure assets, which materially contribute to the lives of the communities they serve. We employ over 200 professionals across 15 locations, managing over 360 assets in over 20 countries globally, with a current AUM of $12bn.

infrastructure