I Squared Capital

I Squared Capital LLC
Private
Industry Private equity
Founded 2013
Headquarters New York, N.Y., United States
Key people
 Sadek Wahba
(Managing Partner)
Adil Rahmathulla
Gautam Bhandari
Products Infrastructure
Number of employees
 51
Website

I Squared Capital is a major, independent private equity firm focusing on global infrastructure investments. The company invests in energy, utilities and transportation projects in North America, Europe and select high growth economies such as India and China.

History

Founded in 2013, the firm has 51 employees and offices in New York, Houston, London, New Delhi, Hong Kong and Singapore.[1] Several of its executives were previously senior executives at Morgan Stanley, including Sadek Wahba,[2] Adil Rahmathulla and Gautam Bhandari.

I Squared closed a $3 billion fund in April 2015, its largest and one of the largest in the US in 2015.[3][4]

Investments

The firm has made several large investments in the U.S. hydroelectric power industry,[5] in China's waste water treatment industry,[6] and in India, including a majority stake in the 109 kilometer Jaipur Mahua Tollways[7] in the north-western Indian state of Rajasthan and a stake in the rooftop solar power company Amplus Energy Solutions Private Limited.[8]

I Squared's hydro-electric power investments have been made through its portfolio company Cube Hydro Partners LLC, which was formed in January 2014. Cube Hydro owns and operates 14 hydroelectric power facilities in the U.S.[9][10] Kristina M. Johnson, a former undersecretary for energy at the U.S. Department of Energy, is the CEO of Cube Hydro.[11]

Notable Advisors

Boutros Boutros-Ghali, former Secretary-General of the United Nations and Egypt's Minister of Foreign Affairs, served as an advisor to the fund. In 2013, Jonson Cox, the chairman of the UK's Water Services Regulation Authority, was appointed as a senior policy advisor of I Squared.[12] Other senior advisors include Ginger Lew, former senior counselor to the White House National Economic Council, and Tom J. Donohue, president and CEO of the American Chamber of Commerce.

References

  1. ↑ "I Squared Capital". I Squared Capital. Retrieved 1 September 2015.
  2. ↑ Willmer, Sabrina (July 17, 2013). "Ex-Morgan Stanley Executives Said to Plan $2 Billion Fund". Bloomberg News. Retrieved 1 September 2015.
  3. ↑ Kilroy, Meagan (April 20, 2015). "I Squared Capital closes $3 billion infrastructure fund". Pensions&Investments. Retrieved 1 September 2015.
  4. ↑ Jacobius, Arleen (August 10, 2015). "Major deals hinting at rise of infrastructure in U.S.". Pensions&Investments. Retrieved 18 September 2015.
  5. ↑ Gough, Paul (February 24, 2015). "Private equity firm buys Allegheny River hydropower facilities". American City Business Journals. Pittsburgh Business Times. Retrieved 28 September 2015.
  6. ↑ "I Squared Capital acquires majority interest in China's Jiaqing Water". Kable. Water Technology. September 10, 2014. Retrieved 28 September 2015.
  7. ↑ Bureau, ET (December 8, 2014). "I Squared Capital buys out Jaipur Mahua Tollways". The Economic Times. Retrieved 1 September 2015.
  8. ↑ Bhaskar, Utpal. "I Squared Capital to invest $150 million in Amplus Energy". livemint. Retrieved 1 September 2015.
  9. ↑ "Portfolio | Cube Hydro Partners". www.cubehydropartners.com. Retrieved 2015-11-30.
  10. ↑ "Cube Hydro acquires 20-MW York Haven hydropower plant". www.hydroworld.com. Retrieved 2015-12-10.
  11. ↑ "About | Cube Hydro Partners". www.cubehydropartners.com. Retrieved 2015-11-30.
  12. ↑ Leftly, Mark (November 24, 2013). "Ofwat chair wades into new controversy". The Independent (UK). Retrieved 18 September 2015.

References

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