Stafford Capital Partners (Stafford), an international private markets investment and advisory group, has launched Stafford Private Credit Income Opportunities Fund (CIO), a new open-ended direct lending and speciality finance fund.
Stafford Capital Partners (Stafford), an international private markets investment and advisory group, has launched Stafford Private Credit Income Opportunities Fund (CIO), a new open-ended direct lending and speciality finance fund.
CIO will invest in both lower middle market senior secured direct lending and speciality finance opportunities primarily in Europe and North America.
The new fund has been seeded with a $132 million NAV secondary transaction of an existing well diversified portfolio that is already 76% drawn and invested in primary funds, secondary transactions and co-investments alongside 16 well established private credit managers.
Initially invested between 2017 and 2020, the seed portfolio comprises 18 investments and over 450 underlying assets that are expected to generate attractive current income as well as an overall target return in the double digits.
Following the initial sell down of the seed portfolio, Stafford will seek to raise additional capital for CIO to support new investments from the fund. Investors will be given the flexibility to redeem some or all of their investments through annual redemption windows, starting five years after their commitment.
