#PrivateEquity for #Mining falls to 8-year low

Only four unlisted funds closed last year, raising a combined $300 million for investing in the mining sector. That's down from $2.5 billion in 2018 and nowhere near the peak of 2012, when eight funds procured a combined $4.2 billion

Tembo Capital's second mining fund accounted for the bulk of last year's fundraising. The London-based fund, which focuses on junior and mid-tier mining projects primarily in Africa, closed on $177 million in March. 

There are currently 14 funds in the market targeting the mining sector, seeking a combined $7 billion in capital. 

As of June last year, mining and metals fund managers held $4.9 billion in dry powder (funds ready to be deployed). These funds also hold $15 billion worth of investments in the sector that still have to be exited.

 See the whole article on mining.com here: https://www.mining.com/private-capital-raised-for-mining-falls-to-8-year-low/