I Squared Capital Advisors (Us) Llc
- Regulatory AUM
- $60.1B
- Discretionary
- $60.0B
- Clients
- 76
- Avg AUM / client
- $791M
- Accounts
- 76
- Employees
- 331
AUM over time
Annual snapshots from Form ADV filings · as of Mar 28, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 76 | $60.1B | 100.0% |
Private funds (78)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $48.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Isq Global Infrastructure Fund Iii, L.P. | Private Equity Fund | Cayman Islands | $8.5B | 123 |
| Isq Global Infrastructure Fund Ii, L.P. | Private Equity Fund | Cayman Islands | $4.5B | 45 |
| Isq Global Infrastructure Fund Iii (Eu), L.P. | Private Equity Fund | Luxembourg | $4.1B | 82 |
| Isq Global Infrastructure Fund Iii (Ust), L.P. | Private Equity Fund | Cayman Islands | $3.3B | 56 |
| Isq Global Infrastructure Fund Ii (Ust), L.P. | Private Equity Fund | Cayman Islands | $2.6B | 52 |
| Isq Global Infrastructure Fund, L.P. | Private Equity Fund | Cayman Islands | $1.9B | 40 |
| Isq Global Infrastructure Fund Ii (Eu), L.P. | Private Equity Fund | Canada | $1.8B | 44 |
| Nautilus Energy Partners Llc | Private Equity Fund | Cayman Islands | $1.7B | 3 |
| Asia Cube Telecom Llc | Private Equity Fund | Cayman Islands | $1.5B | 2 |
| Nautilus Energy Holdings Llc | Private Equity Fund | Cayman Islands | $1.5B | 13 |
| Energia Group Topco Limited | Private Equity Fund | Cayman Islands | $1.3B | 4 |
| Asia Cube Telecom Holdings Llc | Private Equity Fund | Cayman Islands | $1.1B | 11 |
| Cube Healthcare Europe Holdco Limited | Private Equity Fund | United Kingdom | $1.0B | 2 |
| Isq Growth Markets Infrastructure Fund, L.P. | Private Equity Fund | Cayman Islands | $1.0B | 13 |
| Isq Asia Fund Ii, L.P. | Private Equity Fund | Cayman Islands | $1.0B | 6 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Wahba, Sadek, Magdi | Chairman And Managing Partner | Apr 2012 (14y) | ≈ 14.06% – 56.25% via Isq Manager Feeder, Lp | |
| Bhandari, Gautam, No Middle Name | Managing Partner | Dec 2012 (14y) | 50% – 75% of Isq Holdings, Llc (indirect) | |
| Fleischman, Lisa, Marie | Chief Compliance Officer | Mar 2019 (7y) | Less than 5% | |
| Spiri, Dominic, Lee | Chief Financial Officer | May 2022 (4y) | Less than 5% | |
| Menendez Cambo, Patricia, Maria | General Counsel | Dec 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| I Squared Capital, Llc | Sole Member | Apr 2012 | A | 75% or more |
| Isq Manager Intermediate Holdings, L.P. | Member | Aug 2023 | B | ≈ 56.25% – 100% via I Squared Capital, Llc |
| Isq Manager Feeder, Lp | Member | Aug 2023 | B | ≈ 28.13% – 75% via Isq Manager Intermediate Holdings, L.P. |
| Isq Holdings Llc | General Partner | Aug 2023 | B | ≈ 28.13% – 75% via Isq Manager Intermediate Holdings, L.P. |
| Isq Holdings, Llc | Managing Member | Oct 2019 | B | GP / trustee / elected manager of I Squared Capital, Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Wahba, Sadek, Magdi: 50% – 75% of Isq Manager Feeder, Lp × 50% – 75% of Isq Manager Intermediate Holdings, L.P. × 75% – 100% of I Squared Capital, Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Isq Manager Intermediate Holdings, L.P.: 75% – 100% of I Squared Capital, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Isq Manager Feeder, Lp: 50% – 75% of Isq Manager Intermediate Holdings, L.P. × 75% – 100% of I Squared Capital, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Isq Holdings Llc: 50% – 75% of Isq Manager Intermediate Holdings, L.P. × 75% – 100% of I Squared Capital, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (78, $48.4B gross assets)
Top 25 of 78 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/28/2026 | 26.3 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 28, 2026.
View current Form ADV (SEC/IAPD) ↗