I Squared expected to hire infra veteran to launch credit platform

10 May 2019 - 12:00 am UTC

Thomas Murray is expected to join I Squared Capital shortly to build-out a new credit platform, said sources close to the situation.

The move will include the build-out of a team, to be based in I Squared’s new headquarters in Miami. In addition, there are rumors that it will also coincide with a capital raise.

Murray formerly ran a debt platform with Apollo Global Management before departing the firm in 2018, and had prior stops at WestLB, CSFB and GE Capital, according to LinkedIn. 

I Squared will be joining other infrastructure platforms looking to build out its credit business, which recently included Carlyle hiring former Blackrock head Erik Savi, while Paul Colatrella shifted to Capital Dynamics to raise a credit platform after serving as head of Ares Management’s power generation direct lending team.

I Squared closed its second equity fund, ISQ Global Infrastructure Fund II in May 2018 having raised USD 7bn. The fund’s strategy is to invest two-thirds of its capital in the United States and Europe, while the balance will be in high-growth economies in Asia and Latin America, according to Inframation Deals.

As reported by sister publication Sparkspread, Blackrock is currently bidding for I Squared’s Asian assets which include Asia Cube Energy, a 1.4 GW APAC renewable energy platform with 23 assets spread across four countries and Asia Cube Water, a portfolio of 13 waste water treatment assets.

I Squared did not immediately return a call seeking comment.

 

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