Stafford Capital Partners has raised an additional €194m for its fourth infrastructure fund, taking the fund’s current total to €347m.

The Stafford Infrastructure Secondaries Fund (SISF) IV fund, which had a €153m first close in August last year has received further capital commitments from backers including new investors from Europe, North America, and Asia.

Stafford said with a strong pipeline of prospective investors, the fund is on track to achieve its target of €750m.

SISF IV targets core infrastructure investments through secondaries in Europe, the US and Australia.

William Greene, partner and head of infrastructure at Stafford, said: “We continue to see strong deal flow and after having fully deployed the predecessor fund in late summer, we have signed a first transaction in the fibre space at an implied discount of 14% as the first investment of SISF IV.

“The team is currently reviewing a number of attractive opportunities with the intention of closing several of these in the first quarter of 2021.”

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