Stafford announces Stafford International Timberland VIII (SIT VIII) nears completion of its investment phase
Stafford is pleased to announce SIT VIII, a fund which closed on USD 612.5m in April 2018 is 91% through its investment programme following the recent completion of investments in a globally diversified portfolio, further investments in New Zealand and Brazil as well as the US South totalling close to USD 400m. These investments have all occurred in the last 12 months and with 88% invested of which 74% are secondary investments, we expect to complete the investment phase soon.
Stephen Addicott, Stafford Timberland Managing Partner said: “The fund has developed as we would have hoped, albeit much earlier than we had expected and demonstrates our deal origination capabilities and ability to put together a diversified portfolio of timberland assets for our clients in a timely way. We continue to explore opportunistic secondary and co-investment deals to provide our clients with efficient exposure to quality timberland assets.”
For more information, please contact Stafford Investor Relations: