iCON Infrastructure comprises a highly experienced
multi-disciplinary investment team

Investment Team

North America

Our infrastructure investment specialists are supported by a wider, immensely accomplished group with significant senior board and management-level experience in infrastructure, private equity and related industries.

  • Aaron Cai
  • Aine O'Connor
  • Arthur Holland
  • Céline Billant
  • Cliona Audsley
  • Eric Spangler
  • Erika Scott
  • Ethan Rosenthal
  • Neil Keogh
  • Rory Hunter

Erika Scott

Erika joined iCON in 2022 and focuses on the firm’s investment activities in North America. Prior to joining iCON, Erika was at CBRE Investment Management where she focused on direct investments, co-investments, and fund commitments as part of their Private Infrastructure team. Erika was involved in social infrastructure, renewables, utility, and transportation transactions in North America, Europe, and Australia. Erika received her Bachelor of Business Administration with Honours from Wilfrid Laurier University. Erika is based in iCON’s Toronto office.

Arthur Holland

Arthur joined iCON’s New York office in 2022. Prior to joining iCON, Arthur was an M&A lawyer at Kirkland & Ellis, where he counselled private equity clients on significant transactions, including acquisitions, divestitures, and portfolio company management. He holds a B.S. in Mechanical Engineering from the University of Maryland and a J.D. from Columbia Law School.

Eric Spangler

Eric joined iCON in 2022 from the Power, Utilities and Infrastructure group at Jefferies. He brings experience across M&A and debt advisory, having been involved in transactions covering thermal and renewable power generation, transmission, regulated utilities and transportation infrastructure. Eric holds a BSc in Economics and Finance (Bentley University). Eric is based in iCON’s New York office.

Ethan Rosenthal

Ethan joined iCON in 2022 and focuses on the firm’s investment activities in North America. Prior to joining iCON, Ethan was at BlackRock Real Assets where he worked on co-investments, fund commitments, and secondary transactions across infrastructure sectors, including in the transportation & logistics, telecoms, energy, and social infrastructure sectors. Ethan holds a BA in History from Amherst College. Ethan is based in iCON’s New York office.

Céline Billant

Céline joined iCON 2022, bringing over 18 years of international experience in infrastructure investment, business development and finance. Céline was previously a Senior Director at CDPQ in the European infrastructure team where she originated and led transactions in transport and social infrastructure. Prior to CDPQ, Céline worked for VINCI for 10 years, in the concessions business (airports, motorways, railways). She had responsibilities in business development, M&A and structured finance, initially based in Paris and subsequently in Singapore where she focused on origination and structuring of transactions in Asia Pacific. Prior to this, she started her career at EY and in the project finance team of Bouygues Construction. Céline is based in iCON’s New York office.

Cliona Audsley

Cliona joined iCON in 2022 and focuses on the firm’s investment activities in North America. She previously worked as an Investment Banking Associate in the Public Finance Group at Citigroup in Los Angeles. Cliona graduated from the University of California, Berkeley with a BA in Economics and a minor in Public Policy. Cliona is based in iCON’s New York office.

Aaron Cai

Aaron joined iCON in 2021 and focuses on the firm’s investment activities in North America.

Prior to joining iCON, Aaron was at StepStone Infrastructure and Real Assets, where he focused on co-investments, fund commitments, and minority transactions in various sectors, including renewable energy, telecommunications, and midstream. Before StepStone and his MBA, Aaron was a Project Finance Associate at SkyPower Global, a Canadian solar developer. Aaron started his career as an M&A analyst at BlackArch Partners, a US mid-market investment bank.

Aaron holds an MBA (Rotman School of Management, University of Toronto), an MSc in Finance (Vanderbilt University), and a BBA in Finance (University of Toronto). Aaron is based in iCON’s Toronto office.

Rory Hunter

Rory is a Partner at iCON, based in our New York office.  He transferred to our North American team in 2017 having originally joined us in London in 2013.

Rory has over a decade’s experience in infrastructure and was responsible for our investments in TruVista Communications, Conrac Solutions and Iowa Interstate Railroad.  Rory is a member of the Institute of Chartered Accountants of Scotland and holds an MEng in Aerospace Engineering (University of Bath).

Neil Keogh

Neil joined iCON in 2016 from the Business and Investor Advisory team at Arup, where he focused on transactions in the transport and utilities sectors. He is a member of the Chartered Institute of Securities and Investments (CISI) and holds a BSc in Architectural Science (University College Dublin) and an MSc in Architecture (University College London). Neil is based in iCON’s New York office.

Aine O’Connor

Aine joined iCON in 2017, having previously worked as a lawyer in the banking and finance group at Fasken Martineau, Toronto. She specialised in infrastructure. She holds both a Bachelors in Business and Law (University College Dublin) and an LLM with a Business Law concentration (University of Toronto). Aine is based iCON’s Toronto office.