Waterton Global Resource Management has held the final closing of its flagship private equity fund, Waterton Precious Metals Fund II (Fund II), with total capital commitments of USD1.016bn.
With Fund II, Waterton Global aims to continue investing in the metals and mining space.
Fund II will generally target production and late-stage development assets in the precious metals sector that are located in politically stable jurisdictions, through acquisitions, joint ventures and partnerships.
"We are grateful for the significant level of support from our investors, who have provided a strong endorsement of Waterton Global's owner-operator business model," says Isser Elishis, managing partner and chief investment officer of Waterton Global.
"By combining our disciplined approach to investing, our extensive technical expertise and industry knowledge, and the long-term duration of private equity capital, Waterton Global is uniquely positioned to take advantage of opportunities in the metals and mining space."
Atlantic-Pacific Capital, the largest privately-owned global placement agent and advisory firm, served as the exclusive global placement agent for Fund II.
