Market Overview

I Squared Capital Raises New $7 Billion Global Infrastructure Fund


I Squared Capital, a leading global infrastructure investment manager,
has closed its ISQ Global Infrastructure Fund II at the $7 billion legal
cap, exceeding an initial target of $5 billion. The fund received
commitments from over 100 institutional investors with oversubscribed
demand and a re-up rate reaching over 80 percent from the previous fund.

"The fund is already 24 percent invested with portfolio companies in the
U.S. midstream sector; the leading trailer and trailer services provider
in Europe and Canada; the second largest telecom fiber network in Hong
Kong; and nearly 3,400 megawatts of power generation in nine countries
across Latin America," stated Sadek Wahba, Managing Partner of I Squared
Capital. "We currently see opportunities globally with attractive
risk-adjusted returns across different sectors including energy,
telecom, transport, and utilities in the U.S. and Europe as well as in
high-growth economies including India, China and Latin America."

I Squared Capital has over $13 billion in assets under management from
institutional investors including pension funds, insurance companies,
sovereign funds, asset managers and family offices, as well as managing
funds on behalf of the U.S. government's Overseas Private Investment
Corporation (OPIC). The firm has a diverse team of over 100
professionals based in Hong Kong, Houston, London, Miami, New Delhi, New
York and Singapore.

Gibson, Dunn & Crutcher LLP acted as fund counsel and Evercore acted as
placement agent.

About I Squared Capital: I Squared Capital is an independent global
infrastructure investment manager focusing on energy, utilities,
telecommunications and transport in the Americas, Europe and Asia. The
firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New
York and Singapore.

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