Stafford Capital Partners has so far raised over €450m for its fourth dedicated infrastructure secondaries fund.
As previously reported, the manager had raised an additional €194m in December 2020 in a second close for the Stafford Infrastructure Secondaries Fund IV (SISF IV) fund, which took the fund’s current total to €347m at the time.
The specialist real assets and private markets manager said the SISF IV fund’s latest close was backed by five investors.
SISF IV, which has a €750m fundraising target and a €1bn hard cap, acquires interests in existing core infrastructure funds, predominately in Europe, North America and Australasia.
Stafford said SISF IV has already committed over 20% of capital commitments in a “highly diversified portfolio of yielding infrastructure assets that comprise 115 underlying assets and 10 fund vintages”.
William Greene, managing partner and head of infrastructure, said: “We are very grateful for the support we have received from both our new and existing investors. Our focused secondaries strategy has resonated strongly with investors looking to access quality assets at a value not readily achievable in the direct market.
“Furthermore, by focusing on core operational infrastructure assets we are able to mitigate blind pool risk, while offering investors immediate cash yield.”
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