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Peer Fund / Dealmaker·Grid Infrastructure·Clean Energy·Smart Water

Sadek Wahba

Founder & Managing Partner at I Squared Capital

Miami, FL

SW
LinkedIn
Why they matter

Mid-large-cap infrastructure GP with the most public conviction on U.S. grid build-out as a multi-decade investment thesis.

Background

Founder and Managing Partner of I Squared Capital, a Miami-based global infrastructure investment firm with $50+B AUM as of late 2025. Co-founded I Squared in 2012 with Adil Rahmathulla and Gautam Bhandari, all former senior executives at Morgan Stanley Infrastructure. Recently signed an MoU with Saudi Arabia's Public Investment Fund (PIF) to launch a dedicated Middle East infrastructure fund.

Notable deals

  • 2025
    I Squared signed an MoU with Saudi Arabia's PIF to launch a dedicated Middle East infrastructure fund.
  • 2023
    Public commentary in CNBC and Brunswick Review on the urgent need to rebuild the U.S. electric grid.

Call-prep brief

Background

Sadek has been notably vocal that U.S. transmission is the biggest gap in the energy-transition stack. I Squared's $50B+ platform plays in mid-large-cap infrastructure across energy, transport, telecom, water. Broad scope, deep grid conviction.

What he cares about

  • Transmission construction services. Specialized contractors with high barriers to entry.
  • Middle East infrastructure. Via the PIF MoU and Gulf-region deployment.
  • Cross-sector platforms that span energy + water + telecom.

Sensitivities

  • Public personality; quotable. Anything sensitive should be off-the-record explicitly.

Questions to ask

  1. Which segments of the U.S. transmission stack is I Squared most actively underwriting in 2026?
  2. How does the PIF partnership shape geographic capital allocation over the next 3-5 years?
  3. Which mid-market grid-services platforms are most likely to scale to I Squared's bid threshold?

Outreach draft

Subject
U.S. grid build-out: [Firm] intro
Mr. Wahba, I lead infrastructure investing at [Firm]. Your public conviction on U.S. transmission as the central infrastructure gap aligns closely with our underwriting, and I'd value a peer-to-peer conversation about where mid-market sponsors are positioning relative to I Squared's bid sizes. Would 25 minutes work in the next month? Best regards, [Your name] [Your firm]

Linked companies

Sources