New Metals and Mining Fund Launch by Appian
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New Metals and Mining Fund Launch by Appian

appian nfAppian Capital Advisory has held a final closing of Appian Natural Resources Fund LP with limited partner commitments of $375 million. The new fund was raised to invest in metals and mining companies.

scherb nf“We are extremely pleased to be launching the Appian Natural Resources Fund, and have been strongly supported by some of the world’s most established and highly regarded investors,” said Michael Scherb, Founder and General Partner of Appian Capital Advisory. “We believe that our unique business model, offering companies not only access to transformative capital but also critically important operational, financial and technical support, will enable Appian to achieve its target returns and be a stable long term and collaborative partner for management teams and projects.”

The new fund will invest from $10 million to $100 million in small to medium-sized assets or companies in the metals and mining sector in Latin America, North America, Africa and Europe.  Investments will be primarily in near-term production opportunities where a resource has been clearly delineated and first production is targeted within 3 years. Appian will also evaluate opportunities at brownfield or distressed assets, or producing assets with expansion potential.

Mercury Capital Advisors, a private fund raising and financial advisory firm (www.mercurycapitaladvisors.com) acted as exclusive placement agent for the fund.

Appian Capital Advisory is led by a senior management team that is a combination of professionals from major mining companies, private equity firms and investment banks. In total, the management team has over 150 years of combined mining experience and has managed in excess of 60 mines through to production and concluded over $200 billion worth of mining sector transactions. Appian Capital Advisory is based in London (www.appiancapitaladvisory.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 1-29-14

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