Terra Firma veteran resurfaces at US infra investor

A wind farm


A wind farm

Damian Darragh, who worked with Hands at Nomura and later at Terra Firma from 1993 to 2014, is joining New York firm I Squared Capital as an operational director, a spokesman confirmed.

I Squared, which was founded in 2012 by former members of Morgan Stanley’s infrastructure team, catapulted itself into the European market in March with the purchase of Irish power company Viridian for an enterprise value of about $ 1 billion, according to reports in The Wall Street Journal. I Squared is on the hunt for infrastructure investments in the US and western Europe following the close in April 2015 of its $ 3 billion ISQ Global Infrastructure Fund.

Darragh will focus on working with I Squared’s portfolio companies, particularly those in the energy and utilities sectors, but may also assist with originating deals, the spokesman said. He added that the firm had around six staff in its London office.

While at Terra Firma, Darragh was charged with raising a $ 2 billion green energy infrastructure fund but was asked to leave the firm in 2014 by its former chief executive Tim Pryce.

Andrew Géczy, a former banker at Citigroup and Lloyds Banking Group, was named as Terra Firma’s CEO in July.

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