Specialist real assets and private markets manager Stafford Capital Partners is planning to raise €1.3bn for its fifth infrastructure secondaries fund.
The manager said it has launched Stafford Infrastructure Secondaries Fund V (SISF V), a fund created to invest in existing core infrastructure funds mainly in Europe, North America and Australasia through LP and GP-led secondaries.
SISF V, which is categorised as an article 8 product under the EU Sustainable Finance Disclosure Regulation, targets energy transition assets while strongly limiting its fossil fuel-related exposure, the manager said.
Ingo Marten, managing partner at Stafford Real Assets said: “The launch of our fifth dedicated infrastructure secondaries fund is a testament to Stafford’s ability to offer investors an attractive, diversified infrastructure exposure with stable yield.
“SISF V will provide global investors with a unique opportunity to tap into attractive risk-adjusted and consistent returns.”
SISF IV, Stafford Capital’s fourth fund raised €731m at its final close in August last year.
SISF IV is currently 79% deployed with 16 deals in 17 positions, the manager said, adding that the fund is expected to be fully invested 24 months ahead of schedule.
William Greene, managing partner, Stafford Infrastructure, said: “The rate of deployment across our SISF strategies in the last year has been quite swift, on the back of our very pro-active sourcing but also a growing secondaries market.
“With this new larger capital raise, we are seeking to maintain sufficient dry powder and capitalise on these attractive opportunities.”
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