Appian Capital Advisory LLP has announced the final close of its second fund. Fund II was oversubscribed and reached its hard cap of $775m following support from both new and existing Tier 1 investors globally.
Fund II will pursue the same proven strategy as Appian’s first fund (“Fund I”), focusing on investments in metals and mining assets. Appian targets medium-sized assets, prioritising profitability over scale to generate maximum returns, with Fund II well positioned to benefit from demographic trends, economic growth and action against climate change.
These include the commodities used in batteries, electric vehicles and renewable power systems including copper and nickel. The Company will also employ investments in precious metals as a potential portfolio hedge.
Fund II will invest on a global basis, targeting assets in jurisdictions with proven geology, supportive governments and a robust legal framework including Brazil, Australia, Mexico, Peru, Chile and Canada, where Appian has existing operations.
Michael W. Scherb, Founder and CEO of Appian, commented: “We are incredibly pleased to have closed Fund II, reaching our hard cap with the fund oversubscribed, and appreciate the support for our unique operating model and investment approach. Our Tier 1 investors value our combination of technical and financial expertise that allows us to identify, acquire and develop undervalued assets. Meanwhile, our management teams benefit from our long-term capital and support in enhancing their development plans to boost returns. Fund II is well positioned to benefit from its exposure to high growth segments of the global economy, through commodities that will enable the transition to a low carbon economy and infrastructure development to generate strong, risk-adjusted returns.”
Appian Capital Advisory LLP is the investment advisor to long-term value focused private equity funds that invest solely in mining and mining related companies.
With a global operating portfolio overseeing nearly 5,000 employees, Appian has a global team of 37 investment professionals with offices in London, Toronto, Lima, Belo Horizonte and Sydney.
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