Stafford Capital Partners has raised an additional €194m for its fourth infrastructure fund, taking the fund’s current total to €347m.

The Stafford Infrastructure Secondaries Fund (SISF) IV fund, which had a €153m first close in August last year has received further capital commitments from backers including new investors from Europe, North America, and Asia.

Stafford said with a strong pipeline of prospective investors, the fund is on track to achieve its target of €750m.

SISF IV targets core infrastructure investments through secondaries in Europe, the US and Australia.

William Greene, partner and head of infrastructure at Stafford, said: “We continue to see strong deal flow and after having fully deployed the predecessor fund in late summer, we have signed a first transaction in the fibre space at an implied discount of 14% as the first investment of SISF IV.

“The team is currently reviewing a number of attractive opportunities with the intention of closing several of these in the first quarter of 2021.”

To read the digital edition of the latest IPE Real Assets magazine click here.