I Squared Capital Advisors (us): AUM & Ownership

Clients

I Squared Capital Advisors (us) serves 76 clients. The average client has about $791 million with the firm.

Regulatory assets by client type

Pooled investment vehicles76 clients100%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Pooled investment vehicles	76	$60,085,609,594	100.0%	$790.6M
Total	76	$60,085,609,594	100%	$790.6M

Pooled investment vehicles

Clients: 76
Regulatory AUM: $60,085,609,594
Share: 100.0%
Avg. per client: $790.6M

Total

Clients: 76
Regulatory AUM: $60,085,609,594
Share: 100%
Avg. per client: $790.6M

What it does

I Squared Capital Advisors (us) provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

I Squared Capital Advisors (us) advises 123 private funds.

99.8% of assets ($59.99B across 75 accounts) are managed with discretion; $100.1M across 1 account is not. 68% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

I Squared Capital Advisors (us) has custody of $48.57B for 76 clients.

Managed account assets by custodian

All other custodians$60.09B100%

Ownership and leadership

I Squared Capital, LLC owns 75% or more of I Squared Capital Advisors (us).

Who owns the firm

I Squared Capital Advisors (us) LLC· the adviser

I Squared Capital, LLC
Control person · since April 2012
Owns 75% or more of I Squared Capital Advisors (us) LLC
- Isq Manager Intermediate Holdings, L.P.
  Control person · since August 2023
  Owns 75% or more of I Squared Capital, LLC
  - Isq Manager Feeder, LP
    Control person · since August 2023
    Owns 50% to 75% of Isq Manager Intermediate Holdings, L.P.
    - Sadek Wahba
      Control person · since October 2019
      Owns 50% to 75% of Isq Manager Feeder, LP
  - Isq Holdings LLC
    Control person · since August 2023
    Owns 50% to 75% of Isq Manager Intermediate Holdings, L.P.
    - Gautam Bhandari
      Control person · since October 2019
      Owns 50% to 75% of Isq Holdings LLC
- Isq Holdings, LLC
  Managing member · Control person · since October 2019

Leadership

Dominic Spiri
Chief Financial Officer
Lisa Fleischman
Chief Compliance Officer
Gautam Bhandari
Managing Partner
Patricia Menendez - Cambo
General Counsel
Sadek Wahba
Chairman and Managing Partner

Staff

331 employees
113 in advisory functions

Fees

I Squared Capital Advisors (us) is paid through a percentage of assets under management and performance-based fees.

I Squared Capital Advisors (us)’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, I Squared Capital Advisors (us) has 8 offices, with 1 listed address in 1 state.

Listed office addresses by state

Florida · 1 listed address

600 Brickell Avenue, Penthouse, MiamiHQ

Registration details

Legal name: I Squared Capital Advisors (us) LLC
Headquarters: 600 Brickell Avenue, Penthouse, Miami, FL 33131-3067
Phone: 786-693-5700
Website: www.isquaredcapital.com
SEC file: 801-78269
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does I Squared Capital Advisors (us) have?

I Squared Capital Advisors (us) has 76 clients and manages $60.1 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 March 2026

What services does I Squared Capital Advisors (us) offer?

I Squared Capital Advisors (us) provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does I Squared Capital Advisors (us) have?

I Squared Capital Advisors (us) has 0 investment adviser representatives registered with state securities authorities, out of 331 employees, and 113 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns I Squared Capital Advisors (us)?

I Squared Capital Advisors (us) is owned through a chain of holding companies by Sadek Wahba and Gautam Bhandari. Its direct owner is I Squared Capital, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 28 March 2026

How does I Squared Capital Advisors (us) get paid?

I Squared Capital Advisors (us) is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file