Orion Mine Finance raises $983m

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Orion Mine Finance has raised $983 million to date for its Orion Mine Finance Fund II, according to a SEC filing. The New York-headquartered firm has set a $2 billion target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $1.16 billion in 2012.

Investors that committed to Orion Mine Finance Fund II include the Arizona Public Safety Personnel Retirement System, the Maine Public Employees Retirement System and the Texas Municipal Retirement System.

The fund will target subordinated/mezzanine debt opportunities in natural resources sectors globally.