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.