I Squared Capital has secured a $10 billion first close for its Fund IV, marking a substantial milestone for the infrastructure investment firm. This significant fundraising achievement demonstrates continued investor confidence in the firm's strategy despite market volatility. The fund will target infrastructure opportunities globally, focusing on energy transition and digital infrastructure sectors that align with growing decarbonization trends.

The London-based firm also reached a first close of approximately $2 billion for its Growth Markets Infrastructure Fund II, which will target opportunities in emerging economies. This complementary fund expands I Squared's geographic footprint while maintaining its focus on core infrastructure assets with stable cash flows and long-term growth potential.

A final close for the firm's second credit fund is expected in the coming months, completing I Squared's current fundraising cycle. These successful closes position the firm among the top infrastructure managers globally, as institutional capital continues to flow into infrastructure assets seeking inflation protection and yield in an uncertain economic environment.