STAFFORD CAPITAL PARTNERS EXPANSION THE CATALYST FOR NEW BUSINESS AND PERSONNEL

31 December, 2014

In February 2014 sister companies Stafford Timberland Limited and Stafford Private Equity Limited came together under the name Stafford Capital Partners. Existing and new clients have been very supportive of the change, and we can report on a number of initiatives since that time:

  • US$700m of funds acquired from Macquarie Investment Services Limited and Macquarie Investment Management Limited – further deepening our businesses in Europe and the US across the infrastructure, sustainable capital and venture capital sectors.
  • The signing of a management agreement to manage the London Stock Exchange listed timber investment company Phaunos Timber Fund Limited (PTF.L - http://www.phaunostimber.com/), a company with net assets of over US$400m at the time.
  • The expansion of our private equity business with both new global and local institutional mandates totalling over US$500m.

In addition to the six team members joining on completion of the acquisition of the Macquarie funds, the subsequent growth in the business has led to the introduction of the following new members of the Stafford team.

  • Duncan MacLeod joined the Sydney team in June as an investment manager following seven years as a senior consultant at URS in Melbourne. Duncan is responsible for performance monitoring, market analysis and investment due diligence of timberland assets.

  • In September Michael Goodfellow joined in London as a finance assistant. He is a recent history graduate with finance experience in the energy sector, and is studying to become a Chartered Accountant. He is involved in business support, accounting and administration.

  • Miguel Fabra joined the London office in October as an investment manager to focus on Stafford’s Latin American timber assets. Miguel had previously worked as an investment advisor with UPM and at Indufor as a consultant; Miguel will be relocating to South America in 2015, where he will set up Stafford’s South American office.

  • Also in October, Oliver Suresh joined the team in Sydney as an operations assistant. Oliver holds a Bachelor of Commerce-Professional Accounting and Diploma in Logistics in Engineering and Management, and joins the team from an accounts assistant and team leader role. Oliver is responsible for assisting with operations and corporate accounting.

Stafford currently has US$4.5bn under management and advice from over 60 institutional investors across Europe, the US and Australia.


Phaunos Timber Fund Limited Announces Management Agreement with Stafford Timberland and Results of Strategic Review

June 24, 2014

Phaunos Timber Fund Limited ("Phaunos" or the "Company"), the Authorised Closed ended investment scheme established to invest in timberland and timber related assets on a global basis, today announces that it has reached an agreement with Stafford Timberland Limited ("Stafford") to manage its portfolio of assets. The Company also announces the completion of Stafford's strategic review into its portfolio of assets.

Stafford was initially engaged by the Board of Phaunos in December 2013 to carry out a strategic review of the Company's assets. Details of the Phaunos Timber Fund Limited Management Agreement and key findings from the Strategic Review are outlined in the announcement issued on June 24, 2014


Stafford Completes Acquisition of US$700M of Specialty Fund of Funds; Funds Under Management Rise to US$3.3BN

June 23, 2014

Stafford Capital Partners (“Stafford”) has completed the acquisition of the specialty Infrastructure Secondaries[1], Sustainable Capital and Venture Capital Fund of Funds management businesses from Macquarie Investment Services Limited and Macquarie Investment Management Limited (“Macquarie”). The funds, until this point, formed part of the Macquarie Private Markets business, and together total approximately $700M of assets transferred.

Stafford, through its sister companies Stafford Private Equity and Stafford Timberland, already has specialist teams that invest in the infrastructure, private equity and timber markets. This, together with the expansion into Sustainable and Venture Capital, provides a rare single point of access to these international markets at a time when institutional investors are looking to consolidate the number of managers they work with.

Stafford is pleased to announce that all key people associated with these businesses have agreed to join Stafford. They will greatly enhance Stafford’s capability in all areas. Rick Fratus, Kurt Faulhaber and Andy Betz join in the US, based in San Diego, with Erica Bushner continuing in an advisory capacity. Ingo Marten and William Greene will be joining in Europe, based in Zurich. Stafford’s team, totaling 29 professionals, combines a deep sector-specific knowledge with the sourcing, negotiation and execution skills of highly experienced investment professionals.

This acquisition enables Stafford to source secondary, co-investment, and primary deals across a broader range of asset classes, thereby strengthening our relationships in the market.

Angus Whiteley, CEO of Stafford Private Equity, commented: “Stafford offers investors access to alternative assets in a highly responsive way. We focus on adding value in niche sectors with our industry experts providing deep insight into the value of the underlying assets. Through this we form long-standing relationships with the managers we support, which in turn provides us with an enviable proprietary deal flow. This delivers returns for investors.

The acquisition brings highly capable subject-matter experts in the areas of infrastructure (to add to our existing team), sustainable investments and venture capital. This is a very exciting development for Stafford as we look to make life easier for our clients through a single point of access to this diverse market.“

Ben Bruck, Global Head of Macquarie Investment Management, said: “We are delighted to have selected Stafford for this transaction. Our fund-of-funds businesses compete in specialized niches which we believe sit best with a dedicated private equity fund-of-funds manager. Stafford’s private equity fund-of-funds experience and niche focus position it well to deliver on the investment objectives of our clients who have supported these funds since their inception.”

[1] Subject to regulatory Approval


Sister Companies Quay Partners and Stafford Timberland to Merge Brand Identity as Stafford Capital Partners

February 24, 2014

Sister companies, Quay Partners and Stafford Timberland, are to work in partnership under the name Stafford Capital Partners, or ‘Stafford’. The two companies have been working together extensively since 2002, when Stafford Timberland was established in Quay Partners’ offices. Both companies have the same majority shareholders (Richard Bowley and Geoff Norman) and continue to be wholly management owned.

Combined, the new Stafford partnership has $2.6bn of assets under management, with a team of 26 people working across the infrastructure, private equity and timberland sectors from offices in Europe, the US and Australia.

The companies have always sought to benefit from the synergies of two companies investing in adjacent sectors of the alternative investment markets. With common clients who have a broad interest across alternative assets, a shared investment philosophy and physically co-located in London and Sydney, the strategic decision was taken to recognise this cooperation more formally by Quay Partners changing its trading name to Stafford.

Geoff Norman, Founding Partner of Stafford said: “Some institutional investors are now starting to combine their strategies across the different sectors in the alternatives market. The number of real asset mandates coming to market is just one example of this, and the desire to consolidate the number of managers employed is another.

While offering this breadth to investors, we have teams with specialist sector expertise which ensures the focus necessary to deliver returns to investors. There is a wealth of talent in Stafford and we are increasingly seeing the benefits of greater cooperation through increased investment deal flow, shared secondaries expertise, and a wide range of relevant experience amongst the team.  We are convinced that this approach will be an important way that Stafford and its clients can benefit from the opportunities arising from the rapidly changing investment environment.”