CD Capital Natural Resources Fund II closes on US$255m

13 May, 2013 London

CD Capital is pleased to announce that it has recently closed CD Capital Natural Resources Fund II (‘Fund II’), its second private equity natural resources mining and energy fund. Having raised its cap following strong investor demand, Fund II closed on US$255 million. The fund has been successful in attracting a broad range of institutional investors, with just over 50% accounted for by Endowments, almost 30% by Foundations and just under 20% by Family Offices and Fund of Funds. Fund II will allow CD Capital to continue its successful track record of identifying and investing in world-class mining and resource assets at the growth equity stage. The fund has a global remit but also a unique and unmatched focus on Latin America, sourcing highly proprietary deal flow from that region which is relatively underexplored and which has less geo-political risk than other areas.

CD Capital Founder and CEO, Carmel Daniele, commented: “We are delighted to have received such strong support from investors. Many opportunities now exist to invest at attractive entry prices into world-class natural resources assets that will benefit from the long-term global demand growth and limited supply in the natural resource sector. CD Capital enjoys an “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 capitalise on these opportunities”. FirstPoint Equity acted as global placement agent to CD Capital.

Source:  CD Capital

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