Stafford Capital Partners has completed a third closing of its Stafford Infrastructure Secondaries Fund IV (SISF IV), raising more than €450 million ($533 million) and adding five new investors into the fund.
SISF IV has a fundraising target of €750 million ($888 million) and a hard cap of €1 billion ($1.2 billion). It is expected to remain open to investors throughout 2021.
The fund strategy of SISF IV is to acquire interests in existing core infrastructure funds, predominantly in Europe, North America and Australasia. The vehicle has already committed more than 20 percent of capital in a diversified portfolio of yielding infrastructure assets, which consist of 115 underlying assets and 10 fund vintages.
William Greene, managing partner and head of infrastructure at Stafford, said by focusing on core operational infrastructure assets, the firm is able to mitigate blind pool risk, while offering investors immediate cash yield.
Following the latest c
