INVESTOR UPDATE: SIT X fundraise momentum growing ahead of final close
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Stafford Capital Partners (Stafford) advises investors that commitments to its 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 accelerating support for Timberland as an asset class is illustrative of the growing net zero aspirations of institutional investors globally, with significant mandates now in from a mix of institutional investors from the UK, US, Korea and Germany, including UK Local Government Pension Schemes (LGPS), as well as other pension funds and insurance firms.
SIT X builds on Stafford’s 23 years of timberland investing and is a continuation of the company’s secondaries strategy of acquiring secondary positions in existing timberland funds and accessing high quality timberland co-investments. The fund has already deployed over USD$160m from the raise, illustrating the strong investment pipeline in the space.
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.
Stafford believes it is uniquely positioned to offer impactful, discounted access to timberland assets through pooled investment vehicles and co-investment opportunities.
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.
For further enquiries SIT X please contact:
Head of Client Solutions UK:
Dermott McClosky
dermotmccloskey@staffordcp.com
Head of Client Solutions, Australia:
Elysse Morgan
elyssemorgan@staffordcp.com
Head of Client Solutions, Asia:
Jungwoo Anh
jungwooahn@staffordcp.com
Head of Client Solutions, Europe:
Gregor Kirstein
gregorkirstein@staffordcp.com
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