Infrastructure giant I Squared to invest $5 billion in Asia

24 May 2024 CW Team

I Squared Capital, managing over $38 billion in global assets, is set to allocate funds from its $15 billion global flagship fund and $2 billion growth markets fund raised in 2022, according to Harsh Agrawal, Senior Partner. The firm aims to invest $5 billion in the Asia Pacific region from 2025 to 2027, targeting burgeoning sectors such as renewable energy. This move reflects I Squared's recognition of the region's growth potential, driven by factors like rapid urbanization, increasing energy demand, and a rising affluent and digitized population.

?The market's favourable characteristics and high growth potential, particularly in emerging Asia, we foresee significant opportunities in the next few years," Agrawal stated at I Squared's Singapore office. Investments in renewable wind and solar generation assets in the region are expected to soar to $1.3 trillion in the 2020s, doubling from the previous decade, according to Wood Mackenzie.

In addition to renewable energy, I Squared plans to concentrate on digital infrastructure, transportation, logistics, and environmental infrastructure. Deal sizes will range from $150 million to an average of $500 million, Agrawal mentioned.

As one of the most active infrastructure investors in the Asia Pacific, I Squared intends to boost its presence by opening a new office in Seoul this year, complementing its existing locations in Singapore, New Delhi, Sydney, and Taipei. Since its inception in 2012, the Miami-headquartered firm has invested nearly $3.5 billion in the region.

In a recent collaboration, Japanese investors including Osaka Gas and Sumitomo Corporation joined forces with I Squared on a $370 million strategic investment in natural gas infrastructure in India. Furthermore, last year saw the acquisition of Rentco, a transport equipment leasing company in Australia, underlining I Squared's commitment to expanding its footprint in the Asia Pacific infrastructure market. (ET Infra)

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..