Appian Capital’s $775 Million Second Mining Fund

Carey Olsen advised Appian Capital Advisory (Appian) on the launch and final close of Appian Natural Resources Fund II (Fund II), the private equity manager’s second fund focused on the mining sector.

Fund II, which has been established as a Jersey Expert Fund, was oversubscribed and reached its hard cap of US$775 million following strong support from both new and existing Tier 1 investors globally.

It will pursue the same proven strategy as Appian’s first fund, focusing on global investments in metals and mining assets, particularly in jurisdictions with proven geology, supportive governments and a robust legal framework including Brazil, Australia, Mexico, Peru, Chile and Canada, where Appian has existing operations. Target commodities include those set to benefit from the growth in electric vehicles and renewable power systems, notably copper and nickel, with Fund II also employing precious metals investments as a potential portfolio hedge.

Appian administers a private equity fund that invests solely in mining related assets and management teams across select geographies and commodities.

The Carey Olsen team was led by partner Robert Milner (Picture), with assistance from investment funds and corporate senior associate Arindam Madhuryya and financing senior associate Rose Clements.

Involved fees earner: Rose Clements – Carey Olsen; Arindam Madhuryya – Carey Olsen; Robert Milner – Carey Olsen;

Law Firms: Carey Olsen;

Clients: Appian Capital Advisory LLP ;