# ISQ Global InfraTech Fund
ISQ Global InfraTech Fund, L.P. is a [Cayman Islands](https://www.edgepedia.org/cayman-islands)-domiciled venture capital fund formed in 2020 and managed from Miami, Florida by I Squared Capital Advisors (US) LLC, the US manager of the infrastructure investment firm [I Squared Capital](https://www.edgepedia.org/i-squared-capital). It is a dedicated fund vehicle within I Squared Capital rather than an independent manager, and it reported USD 139,471,053 sold in its Form D (SEC notice of a private securities offering) offering record.[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) • [2](https://www.dealdata.net/company-profile/0001835739/)
| Fact | Detail |
|---|---|
| Legal name | ISQ Global InfraTech Fund, L.P., a Cayman Islands limited partnership formed 2020[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) |
| Headquarters | 600 Brickell Avenue, Miami, Florida 33131[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) |
| Manager / general partner | I Squared Capital Advisors (US) LLC (manager); ISQ Global InfraTech Fund GP, LLC (general partner)[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) |
| Amount sold | $139,471,053 in a single equity round[2](https://www.dealdata.net/company-profile/0001835739/) |
| First Form D | Filed 2021-02-05 under Section 3(c)(7)[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) |
| Successor vehicle | ISQ Global Infratech Fund II LP, Form D filed 2025-08-04[3](https://aum13f.com/fund/isq-global-infratech-fund-ii-lp) |
| Latest regulatory activity | Investment Company Act exemption application filed April 2025, amended August 2025[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=812-15764-19) |
## Relationship to I Squared Capital
The fund is a pooled investment vehicle, not a standalone firm. Its Form D names two related entities at the same Miami address: ISQ Global InfraTech Fund GP, LLC as general partner and I Squared Capital Advisors (US) LLC as investment manager.[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) The filing classifies the issuer as a pooled investment fund and marks the venture capital fund box.[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt)
I Squared Capital itself was founded in 2012 by Sadek Wahba, Gautam Bhandari and Adil Rahmathulla, who left their leadership positions at [Morgan Stanley Infrastructure Partners](https://www.edgepedia.org/morgan-stanley-infrastructure-partners) to create a global private infrastructure investment platform headquartered in Miami.[5](https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/board3/resolutions/2020/2020-31.pdf) All three are named as executive officers of the InfraTech fund, and Sadek Wahba signed the 2021 Form D as manager of the sole member of the general partner.[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) Gautam Bhandari and Sadek Wahba reappear as executive officers of the 2025 Fund II filing.[3](https://aum13f.com/fund/isq-global-infratech-fund-ii-lp)
## Fundraising and the Form D record
The original Form D was filed on 2021-02-05 under the Section 3(c)(7) exemption, and the initial filing declined to disclose the amount sold.[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt) Aggregated Form D data later recorded total amount sold of $139,471,053 in a single equity round dated 2021-02-09, with a Form D/A on 2022-12-01 that again declined to disclose further details.[2](https://www.dealdata.net/company-profile/0001835739/)
The scale gap with the manager's flagship vehicles is large. I Squared's Fund III vehicle reported $12,111,852,001 sold in its September 2021 Form D/A amendment, with first sale on 9/11/2020, roughly 87 times the InfraTech fund's total.[6](https://13f.info/form-d/0001821359-isq-global-infrastructure-fund-iii-uste-l-p) Fund III closed at its $15 billion legal cap, exceeding an initial $12 billion target.[7](https://www.cleanbridge.co/insights/energy-transition/cleanbridge-infrastructure-investment-in-the-global-clean-economy-2023/lead-infrastructure-sponsor-profiles-gigp2023/i-squared-capital-gigp2023/) For context, the firm's earlier flagships were Fund I, a $3.0 billion 2014-vintage fund, and Fund II, a $7.0 billion 2017-vintage fund, and the firm reported over $14.2 billion in assets under management as of March 2020.[5](https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/board3/resolutions/2020/2020-31.pdf)
## Strategy
What is documented is the manager's broader approach: I Squared describes a mid-market platform-building strategy, characterized by portfolio company equity values under $500 million with EBITDA under $150 million.[5](https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/board3/resolutions/2020/2020-31.pdf) The InfraTech vehicle is classified as a venture capital fund on its Form D, but the specific subsectors it targets are not stated in any retrieved source.[1](https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt)
## What has happened since 2023
Two primary records show continued activity. First, ISQ Global InfraTech Fund, L.P. filed an application for exemption and other relief under the [Investment Company Act of 1940](https://www.edgepedia.org/investment-company-act-of-1940) (Form 40-APP) on 2025-04-23, with a further amendment filed 2025-08-18.[4](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=812-15764-19) Second, a successor vehicle, ISQ Global Infratech Fund II LP, filed a Form D on 2025-08-04 under exemptions 506(b) and 3(c)(7), naming ISQ Global Infratech Fund II GP LLC as promoter and Gautam Bhandari and Sadek Wahba as executive officers.[3](https://aum13f.com/fund/isq-global-infratech-fund-ii-lp) The Fund II filing reported net assets as "Decline to Disclose" with an indefinite remaining offering amount, so its final size is not publicly known.[3](https://aum13f.com/fund/isq-global-infratech-fund-ii-lp)
## References
1. SEC Form D, ISQ Global InfraTech Fund, L.P., filed 2021-02-05. https://www.sec.gov/Archives/edgar/data/1835739/000156761921002258/0001567619-21-002258.txt
2. ISQ Global Infratech Fund, L.P. Form D record, DealData. https://www.dealdata.net/company-profile/0001835739/
3. ISQ Global Infratech Fund II LP Form D Offering, AUM13F. https://aum13f.com/fund/isq-global-infratech-fund-ii-lp
4. SEC EDGAR filing history, ISQ Global InfraTech Fund, L.P., file no. 812-15764-19. https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&filenum=812-15764-19
5. Public Investment Memorandum, ISQ Global Infrastructure Fund III (Pennsylvania PSERS, 2020). https://www.pa.gov/content/dam/copapwp-pagov/en/psers/documents/board3/resolutions/2020/2020-31.pdf
6. ISQ Global Infrastructure Fund III (USTE), L.P. Form D Filings, 13f.info. https://13f.info/form-d/0001821359-isq-global-infrastructure-fund-iii-uste-l-p
7. I Squared Capital, Lead Infrastructure Sponsor Profile, CleanBridge GIGP2023. https://www.cleanbridge.co/insights/energy-transition/cleanbridge-infrastructure-investment-in-the-global-clean-economy-2023/lead-infrastructure-sponsor-profiles-gigp2023/i-squared-capital-gigp2023/
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of the Americas › Climate, energy, and sustainability investors*
*Initially written Sep 17, 2026 · Edited: Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license