LONDON, May 13, 2024
/PRNewswire/ -- Stafford Capital Partners is pleased to announce
today that a major Korean pension fund has invested USD
$200m into the firm's flagship SIT X
timberland fund. The investment is accompanied by a further
$100m co-investment sidecar
vehicle.
Commenting on the new mandate, Stafford Capital Partners CEO
Angus Whiteley said today that
accelerating support for timberland as an asset class illustrated
the growing net zero aspirations of forward thing institutional
investors globally.
"We are experiencing globally significant support for this asset
class, with important recent investments into SIT X from the UK,
North America, Korea and
Europe."
"With investor focus on the carbon sequestration potential of
commercial timber growing, we expect interest in this asset class
to only accelerate, providing a significant potential first mover
advantage for institutional investors who are looking at timberland
now as part of their alternatives strategy."
"We believe we are uniquely positioned to offer impactful,
discounted access to timberland assets through pooled investment
vehicles and co-investment opportunities."
Commitments to the tenth Stafford International Timberland fund
(SIT X) have now reached USD $635m,
with considerable forward momentum. Over 2023 Stafford raised USD
$945m across our secondaries and
carbon strategies, a globally significant figure.
The Fund was launched in January
2023 with a USD 1bn
fundraising target. It achieved first close in March 2023 and is expected to hold a final close
during Q3 2024. The fund has already deployed over
USD$160m from the raise, illustrating
the strong investment pipeline in the space.
With over USD 3.7bn AUM across
over 100 underlying assets, Stafford's timberland portfolio has provided
consistent and strong returns as well as a meaningful contribution
towards investors' climate targets and high standards of
sustainability. The underlying timberland fund portfolio currently
stores more than 316.8 MtCO2e of carbon and sequesters 16.6 MtCO2e
of carbon each year on an ongoing basis.
About Stafford Capital Partners
Stafford is an independent
private markets investment and advisory firm with USD 7.9 billion in assets under management and
advice for more than 150 institutional clients worldwide. Founded
in 2000, Stafford has a global
team of 85+ professionals investing in infrastructure, timberland
& agriculture, and sustainable private equity through
secondaries, primaries, and co-investments. Stafford has been a UN
PRI signatory since 2010 and has committed to the Net Zero
Asset Managers initiative. It puts sustainability at the centre of
its investment process and implements a well-defined ESG program
across all strategies. In the UK, Stafford is authorised and regulated by the
Financial Conduct Authority (Firm Reference Number: 225586).
This is a marketing communication. Please refer to the
relevant fund documentation for Stafford Infrastructure Secondaries
Fund V (Available in English, in the Fund's Virtual Data Room upon
request) before making any final investment decisions.
This release neither constitutes an offer to sell nor a
solicitation to invest in any of Stafford's funds. It is for information
purposes only and is not a recommendation. It does not constitute
an offer to sell or a solicitation to invest in any jurisdiction
where the offer or sale would be prohibited or to any person not
meeting the required investor criteria.
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