I Squared Capital closes $650 million financing for a gas-fired power plant in the United States

I Squared Capital finalized a $650 million financing package for a gas-fired power plant in the United States, with GCM Grosvenor and Albrecht joining as co-investors. The transaction marks I Squared’s largest single-asset gas deal to date and underscores the firm’s continued expansion in North American energy infrastructure. GCM Grosvenor contributed capital through its infrastructure investment platform, while Albrecht, a European institutional investor, participated as a limited partner in the syndicate. The financing structure includes senior debt and equity commitments from the three investors, enabling the project’s construction and operational ramp-up. Industry sources indicate the plant will support regional grid stability amid rising electricity demand from data centers and industrial users. The deal was announced alongside I Squared’s broader strategy to deploy $1 billion in gas assets across the U.S. by 2027.

Counterparts (3)

Investor

I Squared Capital

company · 5 deals

I Squared Capital is an independent global infrastructure investor focusing on energy infrastructure, utilities, transport and logistics, digital infrastructure, social, and environmental infrastructure. They develop investment platforms in infrastructure and aim to invest in a more sustainable future.

Albrecht

company · 1 deals

GCM Grosvenor

company · 1 deals

Chicago-based alternative investment firm managing $91B across private equity, infrastructure, real estate, credit, and absolute return strategies with 50+ years of experience.