I Squared Capital, a private equity firm focused on global infrastructure investments, has closed its first dedicated climate fund set up in conjunction with US International Finance Development Corporation (DFC) at $1.2bn.
DFC will commit $300m alongside commitments from funds led by I Squared Capital of $900m to invest in climate-related infrastructure projects.
Over the past decade, I Squared Capital funds have committed $7.9bn to infrastructure investments in emerging markets across a diverse group of sectors including energy, utilities, transportation, social infrastructure, digital infrastructure and environmental infrastructure.
