Saudi PIF and I Squared Capital Explore $2 Billion Investment

The Public Investment Fund of Saudi Arabia and I Squared Capital signed a Memorandum of Understanding to explore the deployment of up to $2 billion in real estate and infrastructure assets. The agreement targets investments of up to $1 billion each in digital infrastructure and district cooling to support the real estate sector.

This collaboration aims to accelerate project delivery and increase third-party capital within the sovereign wealth fund's portfolio. The initiative aligns with the fund's 2026-2030 strategic objectives to maximize the value of its portfolio companies.

Saad Alkroud, head of local real estate investments at the fund, stated that the partnership combines the fund's scale and ecosystems with the operational expertise of I Squared Capital. Sadek Wahba, chairman and managing partner of I Squared Capital, described the Saudi infrastructure story as one of the most compelling in the world.