I Squared Capital

Established in 2012 by former Morgan Stanley executives, I Squared Capital has quickly emerged as a global leader in infrastructure investment, dedicated to addressing complex challenges and promoting smarter, more sustainable businesses worldwide.

Based in Miami, with offices in New Delhi, London, Hong Kong, Singapore, and other locations, I Squared manages over $45 billion in assets and operates in more than 70 countries.

Investment Philosophy & Strategy

I Squared Capital is recognized for its platform development approach, which involves starting with targeted investments and expanding them into industry leaders. The firm's strategy focuses on building diversified portfolios across regions and sectors, emphasizing downside protection and risk-adjusted returns.

Their investments cover six key sectors:

1. Energy (including renewables, generation, storage, and energy infra-tech)

2. Utilities (electricity distribution and transmission)

3. Transport & Logistics (toll roads, ports, intermodal, transport technology)

4. Digital Infrastructure (fiber networks, data centers, cellular sites)

5. Environmental Infrastructure (waste and water management, recycling)

6. Social Infrastructure (healthcare, elderly care, essential services)

Global and Indian Footprint:

I Squared’s global equity strategy targets both mid-market and large-scale opportunities, focusing on acquiring and consolidating companies for significant value creation.

In India, I Squared has made notable investments in highways and toll assets through Cube Highways (a JV with IFC) and in the renewables sector via Amplus Energy Solutions. The firm’s Growth Markets Fund I invested in AG&P Gas, which now provides natural gas to 80 million customers in India.

Recent Milestones:

ISQ Global Infrastructure Fund III closed at $15 billion in 2025, more than doubling its predecessor's size and attracting commitments from over 200 institutional investors worldwide.

In 2024, I Squared received three Infrastructure Investor Annual Awards, including Transport Investor of the Year (Europe), Power & Utilities Investor of the Year (Europe), and Energy Transition Investor of the Year (Asia-Pacific).

Since its inception, I Squared has invested in 89 companies, providing essential services and supporting economic growth in both developed and emerging markets.

Leadership & Vision

Led by Sadek Wahba, Adil Rahmathulla, and Gautam Bhandari, I Squared Capital is committed to sustainability, innovation, and building enduring infrastructure.

I Squared Capital is at the forefront of global infrastructure investment, empowering economies, transforming essential services, and driving sustainable progress.