I Squared rainmaker Andreas Moon resigns – exclusive

Andreas Moon has resigned his position as partner and head of investor relations and fundraising at I Squared Capital, Infrastructure Investor has learned.

Moon is not believed to have a new position lined up. He was among the group that left Morgan Stanley Investment Management in 2012 to form I Squared, joining as principal alongside founding partners Gautam Bhandari, Sadek Wahba and Adil Rahmathulla.

He has since led fundraising efforts for the firm, securing a $3 billion close for its maiden effort in 2015. A second effort saw it raise $7 billion in September 2018, before it more than doubled the effort again last year to close I Squared Global infrastructure Fund III on $15 billion. I Squared has two funds in market currently – ISQ Global Infrastructure Credit Fund and ISQ Growth Markets Infrastructure Fund – which are believed to have raised about $800 million and $1.8 billion to date, respectively. Infrastructure Investor also revealed this week it plans to launch a $2 billion energy transition fund.

Moon was named in Infrastructure Investor’s inaugural Rainmaker list in 2019, where he was described as “a person you know will make it happen”. Naguib Taraboulsi, who has been with I Squared since 2014 and was promoted to managing director last month, is based in London and was the most senior member of the investor relations team after Moon.

In response to a request for comment, an I Squared spokesperson said: “The global investor relations team has also hired three new people since last year as part of the early stages of a global build out of the IR function that will institutionalise it and make it more efficient and receptive to LP demands with a local presence in North America, Europe and Asia. They are very much a fast-growing platform at the moment.”

Moon was promoted to partner last year. However, that followed a raft of departures from the firm, beginning with Tom Murray, its managing director for credit, with a spokesperson for I Squared attributing the exit to “differing views on how to achieve this success on several matters, including I Squared Capital’s compensation structure”. His March departure came alongside exits by principal Mark Clark and vice-presidents Daniel Fein and Bahar Ozdemir, followed in April by those of partner and head of Americas Thomas Lefebvre and managing directors Chucri Hjeily and Joe Payne. However, Payne continues to sit on the board of I Squared portfolio companies in an advisory role.

Murray was replaced in June by David Rosenblum, while new managing directors Brent Tasugi and Tim Formuziewich joined in July and September from AMP Capital and Investment Management Corporation of Ontario, respectively. David Whitcher, a managing director in the deal team, also joined in July from Mizuho Securities.

I Squared has made 81 new hires since 2022, including 10 senior and mid-level hires.

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Update: This story was updated at 11am EST on 27/04 to reflect the statement from an I Squared spokesperson.