I Squared Capital, a leading independent global infrastructure investment manager, has announced that it has raised in excess of US$600 million from Mubadala Investment Company, the Abu Dhabi sovereign investor, Qatar Investment Authority, and others for Transportation Equipment Network (TEN). TEN is North America’s second largest full-service trailer lessors with a combined fleet of over 83,000 trailers with locations across most major logistics hubs.

Latham & Watkins LLP represented I Squared Capital in the capital raise with an investment funds team led by New York partners Edward Nelson and Oliver Prakash-Jenkins, with associates Christina Smith, Gabe Pugel, Patrick Choi, and Monica Zhang. Advice was also provided on tax matters by New York partner Gregory Hannibal, with associates Arash Lotfi and Claire Park;* on European fund regulatory matters by London partner Clare Scott, with associate Aakanksha Sinha; and on CFIUS matters by Washington, D.C. partner Jim Barker.

*Admitted to practice in Massachusetts only.