Manager
I Squared Capital
Private CreditPrivate EquityReal Assets
Funds with performance
10
LP investors
17
Public LPs disclosing at least one fund
SEC regulatory AUM
—
The franchise by vintage
Funds disclosed by public LPs, by strategy and vintage year. Dot area is the number of funds raised that year.
Funds
Funds managed by I Squared Capital
Fund Name | Strategy | Sub-Strategy | Geography | Vintage | IRR | TVPI | DPI | As-of Date | Gross AUM | LPs |
|---|---|---|---|---|---|---|---|---|---|---|
| ISQ Global Infrastructure Fund I | Real Assets | Infrastructure | Global | 2015 | 12.0% | 1.50x | 1.06x | 2026-03-31 | — | 1 |
| ISQ Global Infrastructure Fund II | Real Assets | Infrastructure | Global | 2018 | 11.3–11.4% | 1.45–1.53x | 0.57–0.59x | 2026-03-31 | $4.52B | 5 |
| ISQ Global Infrastructure Fund II (UST), L.P. | Real Assets | Infrastructure | Global | 2017 | 11.4% | 1.79x | 0.88x | 2026-06-30 | $2.62B | 2 |
| ISQ Global Infrastructure Fund III - Co-Invest | Real Assets | Infrastructure | Global | 2021 | 8.3% | 1.10x | 0.02x | 2024-03-31 | — | 2 |
| ISQ Global Infrastructure Fund III (UST), L.P. | Real Assets | Infrastructure | Global | 2020 | 13.0% | 1.35x | 0.09x | 2026-06-30 | $2.34B | 4 |
| ISQ Global Infrastructure Fund III, L.P. | Real Assets | Infrastructure | Global | 2021 | 12.8% | 1.24–1.30x | 0.05x | 2026-03-31 | $8.50B | 6 |
| ISQ Global Infrastructure Fund, L.P. | Real Assets | Infrastructure | Global | 2015 | 15.0% | 1.10x | 0.30x | 2017-03-31 | $2.25B | 2 |
| ISQ Growth Markets Infrastructure Fund II (UST) | Real Assets | Infrastructure | Emerging Markets | 2024 | 0.0% | — | — | 2026-03-31 | — | 1 |
| ISQ Growth Markets Infrastructure Fund LP | Real Assets | Infrastructure | Emerging Markets | 2021 | 21.5% | 1.57x | 0.10x | 2026-03-31 | $1.13B | 1 |
| ISQ III Co-Investment | Private Equity | Co-Investment | Global | 2021 | 16.1% | 1.30x | 0.01x | 2026-03-31 | — | 1 |
LP Investors
Limited partners invested in I Squared Capital funds
| LP Name | Type | Location | Funds Invested |
|---|---|---|---|
| Maryland State Retirement and Pension System | public_pension | MD | 1 |
| West Yorkshire Pension Fund | public_pension | — | 3 |
| Merseyside Pension Fund | public_pension | — | 1 |
| New York State Common Retirement Fund | public_pension | NY | 4 |
| Pennsylvania Public School Employees' Retirement System | public_pension | PA | 3 |
| Texas Municipal Retirement System | public_pension | TX | 2 |
| Connecticut Retirement Plans and Trust Funds | public_pension | CT | 3 |
| Florida State Board of Administration | public_pension | FL | 3 |
| Teachers' Retirement System of the City of New York | public_pension | NY | 1 |
| Employees' Retirement System of Rhode Island | public_pension | RI | 6 |
| New York City Employees' Retirement System | public_pension | NY | 1 |
| Hawaii Employees' Retirement System | public_pension | HI | 3 |
| New York City Police Pension Fund | public_pension | NY | 1 |
| Sacramento County Employees' Retirement System | public_pension | CA | 2 |
| District of Columbia Retirement Board | public_pension | DC | 1 |
| New York City Fire Department Pension Fund | public_pension | NY | 1 |
| Baltimore City Employees' Retirement System | public_pension | MD | 3 |