Miami-based I Squared Capital is nearing its $15bn target for Fund IV, according to exclusive reporting from Infrastructure Investor. The infrastructure investment firm has also added $300m to its Growth Markets Fund II, which has now reached 77% of its $3bn fundraising goal. The dual fundraising progress highlights continued investor appetite for infrastructure assets across both core and growth market strategies.

I Squared's Fund IV would represent one of the largest infrastructure funds in the market, while the Growth Markets Fund II focuses on emerging market opportunities. The firm's ability to attract significant capital across multiple vehicles simultaneously underscores its strong track record and the broader trend of institutional allocators increasing infrastructure allocations.