Stafford announces close of timberlands fundStafford Timberland has announced a final close for Stafford International Timberland Fund VI (‘SIT VI’) of EUR 301.7 million from investors in the UK, Europe and Australia. The Fund had targeted raising EUR 300 million and closed early on an oversubscribed basis.SIT VI is a specialist timberland fund of funds investing in primary timberland fund investments, co-investments, and secondary positions in existing timberland funds. Daan Oranje, partner of Stafford, said: “This is a very pleasing result in a challenging market environment. We are grateful for the strong support shown by existing investors and are delighted to welcome a number of new investors to our client base.” SIT VI had its first close in September 2011 and has already made investments totalling approximately EUR 100 million, mainly through secondary transactions. Stafford Timberland is a global timberland investment organisation that manages approximately USD 1.25 billion on behalf of institutional investors. They have offices in the UK, Australia and the USA, and manage and advise on timberland investments located in the US, Canada, Central America, Brazil, Chile, Uruguay, New Zealand and Australia. | |
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