I Squared launches USD 12bn third infra fund

10 June 2020 - 12:00 am UTC

I Squared Capital has launched its third global infrastructure fund with a target of USD 12bn, USD 5bn more than its previous fund’s hard cap, four sources close to the development said.  

The Miami-headquartered infrastructure manager, which was founded in 2012 by former Morgan Stanley Infrastructure employees, launched ISQ Global Infrastructure Fund III towards the end of May and aims to hold a first close in the third quarter this year.

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