Stafford raises over EUR450m for infrastructure secondaries investment
Stafford Capital Partners (Stafford) has raised over EUR450 million for its fourth dedicated infrastructure secondaries fund – Stafford Infrastructure Secondaries Fund IV (SISF IV).
The specialist real assets and private markets manager held a third close of SISF IV, welcoming five investors into the fund.
The close builds on two successful previous closes in August and December 2020.
SISF IV has a fundraising target of EUR750 million and hard cap of EUR1 billion. It is expected to remain open to investors throughout 2021.
The fund acquires interests in existing core infrastructure funds, predominately in Europe, North America and Australasia.
SISF IV has already committed over 20 per cent of capital commitments in a highly diversified portfolio of yielding infrastructure assets that comprises 115 underlying assets and 10 fund vintages.
William Greene, Managing Partner and Head of Infrastructure, says:
“We are very grateful for the support we have received from both our new and existing investors. Our focused secondaries strategy has resonated strongly with investors looking to access quality assets at a value not readily achievable in the direct market.
"Furthermore, by focusing on core operational infrastructure assets we are able to mitigate blind pool risk, while offer investors immediate cash yield.”
Following the third close of SISF IV, Stafford Capital Partners has successfully raised over USD1 billion across its real asset strategies of infrastructure, timberland and agriculture & food in the past six months.