# I Squared Capital

> I Squared Capital is a Miami-headquartered private infrastructure investment manager that raises institutional capital and turns seed assets into scaled operating platforms across power and utilities, transport and logistics, digital, environmental and social infrastructure. Founded in 2012, it reports more than $60 billion in assets under management, over 100 portfolio companies, investments spanning more than 115 countries and a staff of more than 360 people. Its defining tactic is platform-building: buy or create an operating base, supply capital and specialist management, then add assets and capabilities over time.

- **Founded:** 2012
- **Headquarters:** Miami, United States
- **Founders:** Sadek Wahba (Co-Founder, Chairman and Managing Partner), Gautam Bhandari (Co-Founder, Managing Partner and Global Chief Investment Officer), Adil Rahmathulla (Co-Founder and former Managing Partner)
- **Team size:** More than 360 employees; portfolio companies collectively employ more than 110,000 people.
- **Products:** Global Equity, Growth Markets, Energy Transition, Infrastructure Credit, InfraTech
- **Notable:** Grew reported assets under management from a $3 billion first flagship fund in 2015 to more than $60 billion by 2026., Built a portfolio of more than 100 companies with investments spanning more than 115 countries., Closed Global Infrastructure Fund III at its $15 billion legal cap in 2022, above its $12 billion initial target, with an additional $500 million of committed co-investment.

## Products & services

- **Global Equity** — Control-oriented infrastructure investing through platform development across sectors and regions, spanning mid-market and larger opportunities.
- **Growth Markets** — Investment in critical infrastructure assets and companies in selected high-growth economies.
- **Energy Transition** — Investment and development capital for renewable, storage, grid and lower-carbon energy infrastructure.
- **Infrastructure Credit** — Customized financing for infrastructure projects and companies, including acquisition, construction and growth capital.
- **InfraTech** — Growth investment in technology companies with demonstrated commercial use in infrastructure markets.
- **ISQ OpenInfra** — A private-infrastructure investment vehicle designed to provide eligible wealth-channel investors access to a diversified portfolio of infrastructure assets.

## Achievements

- Grew reported assets under management from a $3 billion first flagship fund in 2015 to more than $60 billion by 2026.
- Built a portfolio of more than 100 companies with investments spanning more than 115 countries.
- Closed Global Infrastructure Fund III at its $15 billion legal cap in 2022, above its $12 billion initial target, with an additional $500 million of committed co-investment.
- Won Infrastructure Investor's 2024 Transport Investor of the Year, Europe; Power & Utilities Investor of the Year, Europe; and Energy Transition Investor of the Year, Asia-Pacific awards.
- Expanded to nine global offices and a team of more than 360 employees.
- Built TIP Group through roughly 30 acquisitions over eight years before agreeing in 2026 to sell a 25% minority stake to IMCO and GCM Grosvenor.

## Latest updates

- **2026-07** — Agreed to sell a 25% minority interest in TIP Group to IMCO and GCM Grosvenor, subject to closing conditions.
- **2026-07** — Signed a non-binding MoU with PIF targeting up to $2 billion in Saudi digital infrastructure and district cooling.
- **2026-07** — Announced an agreement to acquire Milestone Environmental from SK Capital; terms were not disclosed.
- **2026-06** — Completed the $650 million acquisition of Spire storage assets and launched Bear River Midstream.
- **2026-06** — Announced plans with DFC for a $3 billion Indo-Pacific critical-energy platform.
- **2026-05** — Announced a $225 million purchase of ten U.S. data centers and up to $1 billion of total platform commitment for AI inference and edge colocation.
- **2026-05** — Launched Cube Grid with a target of up to $1 billion in equity for Indian transmission assets.
- **2026-04** — Agreed to acquire Brazil's Elea Data Centers and acquired North American renewable developer Oriden.

## Links

- Website: https://isquaredcapital.com
- LinkedIn: https://www.linkedin.com/company/i-squared-capital
- Twitter/X: https://twitter.com/isquaredcapital

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Profile page: https://yespress.io/i-squared-capital
Published by YesPress — https://yespress.io
Last updated: 2026-08-15