Wahba fund aiming for $2bn

The former global head of Morgan Stanley Infrastructure has teamed with ex colleagues to launch I Squared Capital Advisors.

Sadek Wahba, the former chief investment officer and global head of Morgan Stanley Infrastructure (MSI), has resurfaced at the helm of a new fund where he will team up with some former MSI colleagues.

Wahba is heading I Squared Capital Advisors, an independent manager angling to raise $2 billion for its maiden fund, Infrastructure Investor was able to confirm.

Among those joining Wahba – a Harvard-trained economist who left MSI in December 2011 – are Gautam Bhandari, who was head of MSI in Asia and resigned a year ago, and Adil Rahmathulla, an executive director for investments in the Americas, who also left MSI last year.

In all, nine of the 27 people working at I Squared previously worked at MSI, though these nine represent different levels of seniority.

The New York-headquartered start-up did not respond to a request for comment. Placement agent Campbell Lutyens is helping to raise capital for the fund, named ISQ Global Infrastructure Fund.

MSI, for its part, recently hired former Abu Dhabi Investment Authority’s infrastructure head Chris Koski as global head of investment strategy, as well as Credit Suisse veteran Mark McLean to head its Asia Pacific strategy. Markus Hottenrott, a Morgan Stanley veteran, was named global head of MSI in May.

A Morgan Stanley spokesman declined to comment.