HK: I Squared Capital targets raising up to $6.5b in new fund

Mexican pesos and U.S. dollar banknotes are seen in this picture illustration, November 3, 2016. REUTERS/Edgard Garrido

Infrastructure investor I Squared Capital aims to raise as much as $6.5 billion in a new global fund to tap rising demand for infrastructure assets and has already won commitments for a large chunk of the sum, people familiar with the matter said.

I Squared already had around $5 billion in committed investments for the fund last month, when it announced the acquisition of Hutchison Telecommunications Hong Kong Holdings’ fixed-line assets for $1.9 billion, said two of the people.

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