Newly fashioned Kinterra Capital has raised $565 million for its debut fund to assist miners and processors of metals utilized in electric-vehicle batteries, whereas the Canadian private-equity agency goals to will profit from the efforts of governments in Western international locations to strengthen native suppliers of clean-energy supplies. .
The Toronto-based firm mentioned it initially sought $500 million for the Kinterra Battery Metals Mining Fund, which it started elevating early final yr. Kinterra started investing from the fund final yr as properly, together with buying non-public Australian nickel miner Cannon Sources and earlier this yr backing the White Pine North copper venture in Michigan, based on Co-Managing Companions Cheryl Brandon and Kamal Toor.
Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The go-to supply for all issues non-public fairness.
Information, information and evaluation that can assist you discover alternatives, and sustain with the broad tendencies in dealmaking, investing and regulation.