iCON Infrastructure comprises a highly experienced multi-disciplinary investment team. iCON is supported in its investment activities by highly accomplished individuals with senior board and management level experience in infrastructure, private equity and related industries.


Paul Malan

Paul Malan

Paul is the Senior Partner of iCON Infrastructure LLP. He has a long track record of successful execution and management of infrastructure investments, including all investments undertaken by the iCON Team. Paul founded the iCON Team in 2004 prior to which he spent 10 years in various roles at Macquarie Bank in London and Australia. Paul is Chairman of iCON’s Investment Committee.

Iain Macleod

Iain Macleod

Iain has two decades of infrastructure and corporate finance experience and joined iCON in July 2012. He was previously at Deutsche Bank where he spent over 11 years in roles including Head of Transportation and Infrastructure for EMEA and Head of M&A for Asia. Iain has led a number of landmark M&A transactions and equity and debt financings in the infrastructure sector. Iain is a managing partner and a member of iCON’s Investment Committee.

Daniel Agostino

Daniel Agostino

Daniel assumed a leadership role in the iCON Team’s activities having joined shortly following its inception. He has over 15 years of experience in the infrastructure sector which covers principal investment, infrastructure financing and project development. Prior to joining the iCON Team, Daniel worked in the Energy and Infrastructure Group at Freshfields in London and in the banking division of Blake Dawson in Australia, specialising in project finance. Daniel is a managing partner and a member of iCON’s Investment Committee.

Deryk King

Deryk King

Deryk has over 20 years of CEO and board level experience. Immediately prior to his involvement with iCON, he was Chairman and Chief Executive of Direct Energy (North America) which he led from its establishment by Centrica in 2000 to become a business with 5,000 employees and €7 billion of revenues. Prior to this, he was Group Managing Director and a board member of Powergen plc and occupied senior management roles in ICI Group. Deryk is a member of iCON’s Investment Committee and Chairman of general partners within the iCON group of funds.

Andrew Simon

Andrew Simon, OBE

Andrew has extensive CEO, board level, private equity and M&A experience across multiple jurisdictions and industries. He spent over 20 years at Evode Group, variously as Chairman and Chief Executive Officer. He has been board member of a number of infrastructure companies including Associated British Ports, Severn Trent and Dalkia. Andrew is an independent board member of general partners within the iCON group of funds.

Gary Eade

Gary Eade

Gary joined iCON in 2013 and focuses on investments in the energy sector. He has two decades of experience working in the conventional and renewable power generation sectors. Gary started his career in General Electric where he spent 13 years in the Gas & Steam Turbine Division in multiple management roles, before moving to the service division of General Electric Capital Energy Financial. Following General Electric, Gary worked for Deutsche Bank as a technical director in the principal investment team and as Head of Energy for EEA Fund management.

Ivana Semeraro

Ivana Semeraro

Ivana has 15 years of corporate finance and energy sector experience. She joined iCON in 2013 to focus on investments in the energy sector. Prior to iCON, Ivana worked as investment manager for EEA Fund Management where she had joint responsibility for leading renewable energy investments across Europe. Previously, Ivana worked at Deutsche Bank and General Electric, with responsibilities covering origination, risk assessment, execution and management of energy investments and debt facilities. Ivana started her career as an M&A corporate finance advisor working for Citigroup and Ernst & Young.

Rishi Pabari

Rishi Pabari

Rishi joined the iCON Team in 2008 with a background in debt finance and hedging having previously been responsible for arranging and managing over €5 billion of credit facilities for both Deutsche Bank and Dresdner Bank. Rishi is involved in all aspects of investment, including origination, acquisition, asset management and divestment across the transportation and energy sectors. Rishi also focuses on coordination of the group’s financing activities, with responsibility for over €4 billion of completed financings.

Peter Moore

Peter Moore

Peter joined the iCON Team in 2007 and has over a decade of experience in infrastructure and private equity. Since joining iCON, Peter has worked on a number of investments and exits across a broad range of infrastructure sectors. Originally trained as a lawyer at a leading corporate firm, Peter has played a key role in transactions with an aggregate enterprise value in excess of €10 billion.

Enis Moran

Enis Moran

Enis has been a member of the iCON team since 2008 and has over 6 years of principal investment experience. During this time, Enis worked on investments, debt financing, asset management and exits across a range of infrastructure sectors. While focusing primarily on operating power and utilities companies, Enis is also experienced in development and construction stage projects. Prior to joining the iCON team, Enis was with Deutsche Bank’s asset-backed credit team in New York.

Jeremy Smith

Jeremy Smith

Jeremy joined iCON in 2012 having previously worked as a solicitor with Weil Gotshal in London specialising in private equity. He has over 6 years of experience in domestic and cross-border M&A, including acquisitions and disposals, private equity, joint ventures and portfolio company management. Since joining iCON, Jeremy has played a significant role in transactions for assets across Europe as well as in the on-going management of iCON’s investments.

Thibault Jarlegant

Thibault Jarlegant

Thibault joined iCON in 2013 following four years at Citigroup in the Leveraged Finance team focusing on corporate and LBO financings in the European and US high yield and leveraged loan markets. Thibault graduated with a Masters in Mechanical Engineering from INSA Lyon (National Institute of Applied Sciences) and holds a Masters in European Business from ESCP Europe business School.

Rory Hunter

Rory Hunter

Rory joined iCON in 2013 from the transport and infrastructure group of Ernst & Young’s corporate finance practice. Rory is a member of the Institute of Chartered Accountants in Scotland and has a Masters in Aerospace Engineering from the University of Bath.

Conor Kelly

Conor Kelly

Conor joined iCON in 2013 having previously worked in the Infrastructure team of Macquarie Capital in London focusing on power and utilities M&A. Conor holds a Master’s Degree in Finance (1st Class Honours) from University College Dublin.

Daniel Hales

Daniel Hales

Daniel joined iCON in April 2012 as Director of Finance. Prior to joining, Daniel spent four years with an FSA regulated investment advisory firm with activities across a variety of investment strategies including Private Equity, where most recently he held the position of Group Financial Controller and the FSA approved position of Compliance Officer. Daniel previously held various roles at Goldman Sachs, KPMG and Barclays Bank. He is a member of the Institute of Chartered Accountants of England & Wales.

Daniel Savage

Daniel Savage

Daniel joined iCON in October of 2013 as Financial Controller. Daniel previously spent four years with KPMG working within Financial Services, specialising on international banking clients in London and Singapore. He has experience working in audit, with a specific focus on valuation, as well as liquidity reviews and operational risk assessments. He is a member of the Institute of Chartered Accountants in England and Wales and holds a Bachelor of Science from Loughborough University.

Anette Grindsted

Anette Grindsted

Anette joined iCON in 2012 as a Project Officer and Office Manager. Prior to joining iCON, Anette was an Office Manager at Cambridge Immigration Legal Centre where she was responsible for compliance monitoring, marketing and general office management. Anette’s experience also includes various project support roles at Cambridge City Council. Anette is a member of the Project Management Institute and has a Professional Diploma in Marketing from the Chartered Institute of Marketing.


In addition to the investment team shown above, iCON Infrastructure draws on its broad network of experienced industry professionals. These individuals perform discrete fund and investment related roles for iCON Infrastructure including on the boards of general partners and portfolio companies of the iCON group of funds.