Waterton raises $725 mln in close of parallel mining PE fund
Canadian private equity firm Waterton Global Resource Management has closed its third mining fund, Waterton Parallel Fund, at US$725 million in committed capital. The fund will invest in production and late-stage development assets in the precious metals industry alongside Waterton Global Precious Metals Fund II, which closed at more than US$1 billion in April 2014. Waterton Managing Partner and CIO Isser Elishis said the parallel fund was backed by investors in Fund II, as well as new investors. Toronto-based Waterton recently agreed to the sale of portfolio company Goldrock Mines Corp to Fortuna Silver Mines Inc for $129 million.
14 June 2016•2 mins read
