How big is the market for infrastructure secondaries? Around $16 billion and counting, according to Stafford Capital Partners. The firm is seeing that much in annual dealflow across both LP stake sales and GP-led processes, according to managing partner William Greene.
In August, Stafford amassed more than €800 million for infrastructure secondaries, collecting €731 million in a final close for Stafford Infrastructure Secondaries Fund IV and £100 million ($111 million; €114 million) via a separately managed account for “geographically focused” infrastructure investments.
In this podcast, we speak to Greene about the types of deals SISF IV will make, the drivers of dealflow and why ESG reasons are spurring some LPs to sell exposure to infrastructure and energy funds.