Stafford Capital Partners has raised €731m in the final close of its fourth infrastructure secondaries fund.
The specialist real assets and private markets manager said the Stafford Infrastructure Secondaries Fund IV (SISF IV) fund was backed by 33 investors across 13 countries.
Stafford Capital said alongside the €731m commitment received, it has raised an additional £100m managed account for geographically focused infrastructure secondary transactions.
In July last year, Stafford Capital announced that it had raised over €450m at the time for SISF IV.
SISF IV has so far closed 13 transactions and has a further three in exclusivity, the manager said, adding that it expects to have committed 75% of capital commitments to the fund in the fourth quarter of the year.
SISF IV invests in existing core infrastructure funds predominantly in Europe, North America and Australasia through LP and GP-led secondaries. The fund targets energy transition assets while strongly limiting its fossil-fuel-related exposure.
Ingo Marten, managing partner at Stafford Real Assets, said: “I am delighted to announce the closing of SISF IV and I am particularly pleased that we have attracted many new investors across Europe, North America, and Asia-Pacific. For this fund we have pursued the successful strategy of the SISF series, focused on secondary transactions with strong managers.”
William Greene, managing partner, Stafford Infrastructure added: “The diversified portfolio we have built for SISF IV exhibits strong cashflow visibility from high-quality diversified assets acquired through attractive, value-additive transactions, which deliver an immediate and stable yield to our investors.”
To read the latest edition of the latest IPE Real Assets magazine click here.
