real assets

The energy investor has set up a continuation vehicle for the process on its $1.24bn Fund IV.

Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.

The firm is acting as a source of equity for new agriculture and food funds, in addition to trading fund stakes.

Stafford Capital Partners has lodged a $244m hostile bid for a timber fund it used to manage, but the fund is holding out.

Secondaries firm Stafford has put forward a hostile bid for Phaunos Timber, a global vehicle it used to manage.

The firm led a group of investors who bought some of the remaining NAV in Lime Rock's 2006-vintage energy fund.

The long-life vehicle, which will focus on regulated assets mostly in Europe, is targeting an initial €2.5bn.

The fund close comes a month after the firm raised $612m for timberland secondaries.

A rebound in oil pricing is helping to narrow buyers’ and sellers’ expectations.

Sister publication Agri Investor speaks to Stephen Addicott, a timberland partner at Stafford Capital Partners, about the dynamics of secondaries in the asset classes.