Mubadala Investment Company and Qatar Investment Authority completed the $600m investment in I Squared Capital-backed Transportation Equipment Network.

Mubadala Investment Company, a sovereign investor managing a diverse portfolio of assets, and Qatar Investment Authority, a sovereign wealth fund, completed the $600m investment in I Squared Capital-backed Transportation Equipment Network, a full-service trailer lessors company. “We are delighted to welcome Mubadala, QIA and other co-investors in TEN. All of our co-investors represent like-minded, long-term capital that recognize the potential of the sector and will support the ambitions of TEN. This transaction is a win for TEN, for our investors and for I Squared’s global transportation franchise,” Gautam Bhandari, I Squared CIO and Managing Partner.