Stafford is pleased to announce USD 1.3bn of new commitments to various Stafford Real Assets strategies in vehicles closed over the last few months.
Most recently, Stafford Infrastructure Secondaries Fund II (“SISF II”) held its final close at EUR 400m of total commitments from investors in Europe, the US and Canada. The fund size exceeded the original target of EUR 250m.
SISF II is a continuation of Stafford’s specialist infrastructure strategy which focuses on acquiring secondary positions in existing infrastructure funds.
Dr Ingo Marten, Partner Stafford Infrastructure, said: “We are very grateful to both our existing and new investors for their support to what is a differentiated strategy for accessing yielding infrastructure assets. We are happy with both the pace of deployment and quality of investments made to date, with 25% of the fund now committed and a strong pipeline of new investments under consideration.”
SISF II has already made six secondary investments in leading infrastructure managers in Europe, the US and Australia.
This close follows Stafford’s announcement in April of the final close of Stafford International Timberland Fund VIII (“SIT VIII”) of USD 612m from investors in the UK, Europe and the US. The final close exceeded the target fund size of USD 500m. Stafford’s theme of acquiring secondary positions in existing funds continues in the timberland sector with SIT VIII, which also provides access to high quality timberland co-investments.
SIT VIII has already made three secondary investments and one co-investment, all with leading timberland managers, committing close to 21% of the fund.
Along with an additional USD 220m of new mandates and mandate extensions focused on combinations of timberland, agriculture and infrastructure investments, this brings the total of new capital at Stafford Real Assets to USD 1.3bn.