In December 2011, Sadek Wahba left his role as global head of infrastructure at Morgan Stanley, later co-founding I Squared Capital with Gautam Bhandari and Adil Rahmathulla. I Squared has since grown to over $40 billion in assets under management, focusing on mid-market deals, while Morgan Stanley Infrastructure manages $16 billion. Recent changes saw Rahmathulla exit, with Bhandari becoming CIO. I Squared is institutionalizing its operations and exploring acquisitions, emphasizing its success in growth markets like India and Latin America. The firm aims to maintain a disciplined investment approach while launching new funds targeting various sectors, including energy transition.