ISQ Growth Markets Infrastructure Fund II (UST), L.P.
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
Pre-open
Investors
—
Min Invest
None stated
What this filing shows
·Every sentence is a value as filed on SEC Form D
ISQ Growth Markets Infrastructure Fund II (UST), L.P. is a Cayman Islands limited partnership that filed a Form D with the SEC on March 31, 2025, 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 II (UST), L.P. reported that the first sale had not yet occurred as of the Form D filed March 31, 2025, so no amount sold or investor count is on file. The total offering amount is listed as indefinite. 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 Greshler Finance Ltd., associated with None; Zenith Capital, associated with None; 3Peaks Consulting S.r.l., associated with None; Ameris Capital S.A., associated with None and 2 others as recipients of sales compensation. Sales commissions are reported as $2,000,000 and finders' fees as $0. Form D allows these to be estimates. The issuer's address of record is 600 Brickell Avenue, Penthouse, Miami, FL 33131.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings 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
This issuer is in Fund II
| Vehicle | Role | First filed | Status | Sold | Investors |
|---|---|---|---|---|---|
| Fund II · first filed 2025-03-31 · 3 vehicles | |||||
| ISQ Growth Markets Infrastructure Fund II (UST), L.P.this issuer | 2025-03-31 | pre sale | $0 | 0 | |
| ISQ Growth Markets Infrastructure Fund II (EU), SCSp. | 2025-03-31 | pre sale | $0 | 0 | |
| ISQ Growth Markets Infrastructure Fund II, L.P. | 2025-12-16 | pre sale | $0 | 0 | |
| Unnumbered · first filed 2020-12-02 · 4 vehicles · $2.63B sold · 16 investors | |||||
| ISQ Growth Markets Infrastructure Fund, L.P. | 2023-06-23 | lapsed | $1.78B | 15 | |
| ISQ Growth Markets Infrastructure Fund (EU), L.P. | 2023-06-23 | lapsed | $1.78Bshared | 7 | |
| ISQ Growth Markets Infrastructure Fund (UST), L.P. | 2023-06-23 | lapsed | $1.78Bshared | 6 | |
| ISQ Growth Markets Infrastructure Fund (USTE), L.P. | 2020-12-02 | lapsed | $846.0M | 1 | |
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
1
latest Mar 31, 2025
Critical / warning
0 / 0
0 watch · 1 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
pre_sale
Latest event New filer · Mar 31, 2025
SEC.govInvestor
- 1 filing event with values and deltas, latest 2025-03-31, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
ISQ Growth Markets Fund II GP, LLC
Promoter · Miami, FL
General Partner of the Issuer
I Squared Capital Advisors (US) LLC
Promoter · Miami, FL
Sadek Wahba
Executive Officer · Miami, FL
Manager of the Sole Member of the General Partner of the Issuer
Gautam Bhandari
Executive Officer · 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.
Greshler Finance Ltd.
Associated broker-dealer: None · Tel Aviv-Jaffa, L3 and outside the United States
Zenith Capital
Associated broker-dealer: None · Paris, I0 · Soliciting in all states
3Peaks Consulting S.r.l.
Associated broker-dealer: None · Milan, L6 and outside the United States
Ameris Capital S.A.
Associated broker-dealer: None · Santiago, F3 and outside the United States
KB Securities Co., Ltd.
Associated broker-dealer: None · Seoul, M5 and outside the United States
NH Investment & Securities Co., Ltd.
Associated broker-dealer: None · Yeongdeungpo-gu, M5 and outside the United States
Questions About ISQ Growth Markets Infrastructure Fund II (UST), 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 II (UST), L.P.?
ISQ Growth Markets Infrastructure Fund II (UST), L.P. is a Cayman Islands limited partnership that filed a Form D with the SEC on March 31, 2025 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 II (UST), L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. ISQ Growth Markets Infrastructure Fund II (UST), L.P. filed a Form D with the SEC on March 31, 2025 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. No sales had been reported as of that notice. 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 II (UST), 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 II (UST), 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 II (UST), L.P. raised?
ISQ Growth Markets Infrastructure Fund II (UST), L.P. reported that the first sale had not yet occurred as of the Form D filed March 31, 2025, so no amount sold or investor count is on file. The total offering amount is listed as indefinite.
Who can invest in ISQ Growth Markets Infrastructure Fund II (UST), 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 II (UST), 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 II (UST), L.P. and how are they paid?
The Form D names Greshler Finance Ltd., associated with None; Zenith Capital, associated with None; 3Peaks Consulting S.r.l., associated with None; Ameris Capital S.A., associated with None and 2 others as recipients of sales compensation. Sales commissions are reported as $2,000,000 and finders' fees as $0. Form D allows these to be estimates.
Who is behind ISQ Growth Markets Infrastructure Fund II (UST), L.P.?
The Form D lists 4 related persons: ISQ Growth Markets Fund II GP, LLC, promoter (General Partner of the Issuer); I Squared Capital Advisors (US) LLC, promoter; Sadek Wahba, executive officer (Manager of the Sole Member of the General Partner of the Issuer); Gautam Bhandari, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is ISQ Growth Markets Infrastructure Fund II (UST), L.P. located?
The issuer's address on its SEC filings is 600 Brickell Avenue, Penthouse, 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 II (UST), 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, and no amendment is on record yet.
How large is ISQ Growth Markets Infrastructure Fund II (UST), L.P.?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
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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.