Stafford Capital Partners leads secondary purchase of Vauban Infrastructure Partners’ 2012 vintage greenfield fund FIDEPPP2
London, 2 February 2023 – Stafford Capital Partners (“Stafford”), a leading international private markets investment and advisory group, is pleased to announce that it has invested approximately EUR 50 million through a secondary transaction in Vauban Infrastructure Partners’ 2012 vintage greenfield fund FIDEPPP2.
Stafford led a consortium of international investors to purchase the FIDEPPP2 portfolio via a newly formed vehicle, Core Infrastructure Fund Prime SCP (“CIF Prime”), managed by Vauban which will continue to act as the alternative investment fund manager.
The CIF Prime portfolio provides exposure to 15 infrastructure investments, weighted towards digital infrastructure, social infrastructure, energy transition, and mobility assets in France. Most of the investments have matured and entered into a brownfield phase.
Stafford acquired the interest through its fourth infrastructure secondaries fund, Stafford Infrastructure Secondaries Fund IV (“SISF IV”). The investment is the 17th to be completed by SISF IV and brings the fund’s committed capital to approximately 80%. Through these investments, SISF IV has built up exposure to more than 200 underlying infrastructure assets well-diversified by country, sector and vintage year. The pace of deployment of SISF IV means that the Stafford team expects to have invested the full fund amount approximately 24 months ahead of schedule.
Commenting on the investment, Steven Zehr, Partner Stafford Infrastructure, said:
“Our investment in CIF Prime offers investors attractive access to a portfolio of high-quality core infrastructure assets in France. We are excited to partner with Vauban who has deep insights into the portfolio and who has a proven track record of delivering on its financial and ESG objectives.”
Last month, Stafford announced the launch of its fifth fund, Stafford Infrastructure Secondaries Fund V. The fund has a EUR 1.3 billion target and will follow a similar strategy to SISF IV. In addition, professional investors will now also be able to allocate to the fund in USD as well as EUR.
Returns of the SISF series currently sit at a historical high. “Our diversified portfolios, which are geared towards core infrastructure risk, fare particularly well in this volatile and inflationary environment”, Zehr added.
For further enquiries about Stafford Capital Partners please contact
Georgina Whittle
Partner
Camarco
+44 20 3757 4987 / +44 7835 770967
Georgina.whittle@camarco.co.uk
Sean Palmer
Associate Partner
Camarco
+44 20 3757 4980 / +44 7591 760844
sean.palmer@camarco.co.uk
About Stafford Capital Partners
Stafford is an independent private markets investment and advisory firm with USD %%AuM%% billion in assets under management and advice* for more than %%numClients%% institutional clients worldwide. Founded in 2000, Stafford has a global team of 80+ professionals investing in infrastructure, timberland, agriculture & food and sustainable private equity through secondaries, primaries, and co-investments. Stafford has been a UN PRI signatory since 2010 and has committed to the Net Zero Asset Managers initiative. It puts sustainability at the centre of its investment process and implements a well-defined ESG program across all strategies. In the UK, Stafford is authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 225586).
* As of 30 September 2023
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This is a marketing communication. Please refer to the relevant fund documentation for Stafford Infrastructure Secondaries Fund V (SISF V) before making any final investment decisions.
This release neither constitutes an offer to sell nor a solicitation to invest in any of Stafford’s funds. It is for information purposes only and is not a recommendation. It does not constitute an offer to sell or a solicitation to invest in any jurisdiction where the offer or sale would be prohibited or to any person not meeting the required investor criteria.