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CD Capital Closes US$355m for its Third Natural Resource Fund

6 December 2016

London based private equity firm CD Capital has successfully closed its third private equity natural resources metals and mining fund. CD Capital Natural Resources Fund III (‘Fund III’) closed on US$355m. 

(Press Release) CD Capital is pleased to announce that it has recently closed CD Capital Natural Resources Fund III (‘Fund III’), its third private equity natural resources metals and mining fund. Having raised its target following strong investor demand, Fund III closed on US$355m. The fund has been successful in attracting a broad range of institutional investors, with just over 80% accounted for by Endowments & Foundations. Fund III will allow CD Capital to continue its successful track record of identifying and investing in world-class metals and mining assets at the growth equity stage globally with a focus on private assets based in Latin America.

CD Capital Founder and CEO, Carmel Daniele, commented:

“We are delighted to have received such strong support from new and existing investors. This is an exciting time for the mining industry and CD Capital is extremely well positioned to capitalize on attractive entry prices, by investing into world-class assets that will benefit from the long-term global demand growth and limited supply in the natural resource sector. CD Capital is well-known for its “industry insider” status, which provides deal flow from long-standing industry relationships on a first look and only look basis. The new fund will allow us to continue to monetize these opportunities”.

FirstPoint Equity acted as sole global placement agent to CD Capital.