US-based private equity firm I Squared Capital is investing an additional USD 1 billion in critical infrastructure projects in the Philippines, the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA) announced.

Secretary Frederick D. Go, who leads OSAPIEA, said the commitment reflects the country’s growing appeal to infrastructure investors, Business World reports.

“These investments will improve lives — from powering homes and businesses with renewables to ensuring safer food through modern cold storage and connecting people and enterprises in the digital age,” he said in a statement.

OSAPIEA said the fresh investment will support critical initiatives in energy transition, transport and logistics, and digital infrastructure. “I Squared has invested over USD 1 billion in project enterprise value in the Philippines and shared its plans to invest an additional USD 1 billion in critical infrastructure projects for the nation,” it added.

The private equity firm is currently advancing seven strategic projects in the country, including two in the last six months. These include Aggreko Philippines, HEXA Renewables, Berde Renewables, Royale Cold Storage, Philippine Coastal Storage & Pipeline Corp., HGC, and BDX.

According to OSAPIEA, Aggreko Philippines has already invested USD 200 million in modular power and plans to double this investment. HEXA Renewables is targeting an additional USD 350 million by 2027. I Squared also intends to significantly increase Royale Cold Storage’s capacity in the near term.

“We are proud to partner with the Philippines on its infrastructure transformation,” said I Squared Chairman and Managing Partner Sadek Wahba. “Our investments are delivering energy security, food resilience, and digital connectivity — building the foundation for inclusive economic growth and long-term prosperity.”

I Squared was among the firms President Ferdinand R. Marcos Jr. met with during his recent trip to the United States.

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