I Squared Capital says it has signed a partnership with investors to deploy up to $800 million in credit investments to fund telecoms and other infrastructure across multiple regions.
The strategy will target a blend of investments across senior, mezzanine and unitranche debt to established corporate sponsors and middle-market developers in the energy, utilities, transport, telecom and social infrastructure sectors, according to the infrastructure investment manager.
Sadek Wahba, Chairman and Managing Partner of I Squared Capital, says the mandate of the deal will span the risk spectrum, from investment grade to high yield, focusing on strong downside protection in OECD countries, primarily in the U.S. and Europe.
“Infrastructure credit is a natural extension of our global equity strategy and we are excited to leverage our global and sectoral network to invest in infrastructure credit,” Wahba says.
According to I Squared Capital, these investments will help finance the essential services necessary to recover from the Covid pandemic, mitigate the effects of climate change, and support future economic growth.
Wahba says that “developing infrastructure is more important than ever and we see robust demand for capital across our key sectors including renewables, telecom, and transport logistics.”
The I Squared Capital credit platform was launched this year with a team of 25 professionals and will benefit from the experience and expertise of the global infrastructure platform with over 145 professionals in its six global offices and over $14 billion in equity assets under management, according to the organisation.