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Primary Source · SEC.gov

ISQ Growth Markets Infrastructure Fund (USTE), L.P.

Fund Vehicle2020 vintageRule 506(b), Section 3(c), Section 3(c)(7)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

$846M

Investors

1

Min Invest

None stated

What this filing shows

·

Every sentence is a value as filed on SEC Form D

ISQ Growth Markets Infrastructure Fund (USTE), L.P. is a Cayman Islands entity that first filed a Form D on December 2, 2020 and most recently amended it on December 9, 2021, describing itself as a private equity fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(7) and covers equity and pooled investment fund interests. ISQ Growth Markets Infrastructure Fund (USTE), L.P. reported $846,000,000 sold from 1 investor in an offering of indefinite size as of the Form D filed December 9, 2021. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated. The Form D names Evercore Group L.L.C. (CRD 42405), associated with None; First Avenue (CRD 145860), associated with None; Greshler Finance Ltd, associated with None; PIA Pontis Institutional Advisors GmBH, associated with None as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, FL, GA, IL, KY, LA, MA, MT, NC, NJ, NY, OH, OR, PA, PR, RI, TX, UT, VA, WA, WV. The issuer's address of record is 600 Brickell Avenue, Miami, FL 33131.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001821356
Entity NameISQ Growth Markets Infrastructure Fund (USTE), L.P.
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeOther
Jurisdiction of OrganizationCayman Islands
Issuer Address600 Brickell Avenue, Miami, FL 33131
Phone(786) 693-5700
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeEquity, Pooled investment fund interests
First Sale DateDecember 11, 2020
Filing DateDecember 9, 2021
Accession Number0001821356-21-000001
Total Offering AmountIndefinite
Total Amount Sold$846,000,000
Total Investors1
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)FL
Amendment Count3 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

Fund Family

Every vehicle in this manager's series as it appears on EDGAR, newest generation first. Sold-to-date and investor counts are each vehicle's latest Form D.

Fund family

ISQ Growth Markets Infrastructure Fund7 vehicles · 1 generation · since 2020 · $2.63B sold across the family

VehicleRoleFirst filedStatusSoldInvestors
Fund II · first filed 2025-03-31 · 3 vehicles
ISQ Growth Markets Infrastructure Fund II (UST), L.P.2025-03-31pre sale$00
ISQ Growth Markets Infrastructure Fund II (EU), SCSp.2025-03-31pre sale$00
ISQ Growth Markets Infrastructure Fund II, L.P.2025-12-16pre sale$00
Unnumbered · first filed 2020-12-02 · 4 vehicles · $2.63B sold · 16 investors
ISQ Growth Markets Infrastructure Fund (USTE), L.P.this issuer2020-12-02lapsed$846.0M1
ISQ Growth Markets Infrastructure Fund, L.P.2023-06-23lapsed$1.78B15
ISQ Growth Markets Infrastructure Fund (EU), L.P.2023-06-23lapsed$1.78Bshared7
ISQ Growth Markets Infrastructure Fund (UST), L.P.2023-06-23lapsed$1.78Bshared6

Grouped from Form D issuer names (generation, sleeve, jurisdiction and legal-form tokens removed); a name-only match, so abbreviated or renamed vehicles can be missed. Sold and investor figures are each vehicle's latest Form D; sleeves that report the same figure share one family-wide total and are counted once. Performance lines are what a public pension plan reports for its own interest in that fund, net, on the plan's cash flows and valuation date; they are not the general partner's figures.

In the Terminal

Filing events

0

none on file

Critical / warning

0 / 0

0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

lapsed

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Investor

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Sadek Wahba

Executive Officer, Director · Miami, FL

Manager of the sole member of the General Partner of the Issuer

Gautam Bhandari

Executive Officer · Miami, FL

Adil Rahmathulla

Executive Officer · Miami, FL

ISQ Growth Markets Fund GP, LLC

Promoter · Miami, FL

General Partner of the Issuer

I Squared Capital Advisors (US) LLC

Promoter · Miami, FL

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Evercore Group L.L.C.CRD 42405 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, FL, GA, IL, KY, LA, MA, MT, NC, NJ, NY, OH, OR, PA, PR, RI, TX, UT, VA, WA, WV and outside the United States

First AvenueCRD 145860 on BrokerCheck

Associated broker-dealer: None · New York, NY · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY and outside the United States

Greshler Finance Ltd

Associated broker-dealer: None · Tel Aviv, L3 and outside the United States

PIA Pontis Institutional Advisors GmBH

Associated broker-dealer: None · Munchen, 2M and outside the United States

Questions About ISQ Growth Markets Infrastructure Fund (USTE), L.P.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is ISQ Growth Markets Infrastructure Fund (USTE), L.P.?

ISQ Growth Markets Infrastructure Fund (USTE), L.P. is a Cayman Islands entity that filed a Form D with the SEC on December 9, 2021 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of equity and pooled investment fund interests.

Is ISQ Growth Markets Infrastructure Fund (USTE), L.P. legit?

AltStreet does not rate legitimacy; it reports the public record. ISQ Growth Markets Infrastructure Fund (USTE), L.P. filed a Form D with the SEC on December 9, 2021 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $846,000,000 sold to 1 investor. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is ISQ Growth Markets Infrastructure Fund (USTE), L.P. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that ISQ Growth Markets Infrastructure Fund (USTE), L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has ISQ Growth Markets Infrastructure Fund (USTE), L.P. raised?

ISQ Growth Markets Infrastructure Fund (USTE), L.P. reported $846,000,000 sold from 1 investor in an offering of indefinite size as of the Form D filed December 9, 2021.

Who can invest in ISQ Growth Markets Infrastructure Fund (USTE), L.P.?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in ISQ Growth Markets Infrastructure Fund (USTE), L.P.?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling ISQ Growth Markets Infrastructure Fund (USTE), L.P. and how are they paid?

The Form D names Evercore Group L.L.C. (CRD 42405), associated with None; First Avenue (CRD 145860), associated with None; Greshler Finance Ltd, associated with None; PIA Pontis Institutional Advisors GmBH, associated with None as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, FL, GA, IL, KY, LA, MA, MT, NC, NJ, NY, OH, OR, PA, PR, RI, TX, UT, VA, WA, WV.

Who is behind ISQ Growth Markets Infrastructure Fund (USTE), L.P.?

The Form D lists 5 related persons: Sadek Wahba, executive officer, director (Manager of the sole member of the General Partner of the Issuer); Gautam Bhandari, executive officer; Adil Rahmathulla, executive officer; ISQ Growth Markets Fund GP, LLC, promoter (General Partner of the Issuer); I Squared Capital Advisors (US) LLC, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is ISQ Growth Markets Infrastructure Fund (USTE), L.P. located?

The issuer's address on its SEC filings is 600 Brickell Avenue, Miami, FL 33131. Its phone number of record is (786) 693-5700. It is organized under the laws of Cayman Islands.

How long is the ISQ Growth Markets Infrastructure Fund (USTE), L.P. offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 2 amendments are on record for this CIK.

How large is ISQ Growth Markets Infrastructure Fund (USTE), L.P.?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

Is this your offering?

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.