Exhilway Global raises $200 mln for mines and mineral fund

Exhilway Global has closed $200 million for its mines and minerals private equity fund. According to the company, the pool will focus on acquiring and operating mines in Turkey, Kazakhstan and Indonesia. Exhilway is a US-based emerging markets private equity fund.


NEW YORK, November 20, 2013 /PRNewswire/ —
Exhilway Global, the worlds largest US based emerging markets private equity fund has hard closed its first USD $200 million mines and minerals private equity fund. The fund will acquire and operate mines in Turkey, Kazakhstan and Indonesia.
Launched in October this year, the fund has attracted investments from several high net worth accredited investors, pension funds and funds of funds.
“We are grateful for the tremendous support extended by our investors. The fund is dedicated to grow investor’s money leaps and bounds. We are finalizing the best investment opportunities and we are open for discussions,” said Ravi Agarwal, co-founder of Exhilway Global.
The fund will acquire and operate coal and iron ore mines in an alliance with the leading mining firms. The fund is currently short listing possible partners.
“Internationally, the mines and minerals business always remain as an attractive investment option for the investors. We are planning to raise USD $500 million in the next round of fundraising where we plan to take investment calls for coal mines in Peru and Ukraine,” said Emily Overbey, the fund manager for the Exhilway mines and minerals fund.
Exhilway private equity fund is known to offer complete capital protection and a minimum debt return to its investors with a potential to reap unlimited equity growth.
Exhilway plans to launch its USD $2 billion opportunity fund called Exhilway Global Opportunities (EGO) Fund – I next month. The fund will invest in several emerging companies in America, Asia and Africa and will offer the same capital protection, minimum debt return and an unlimited equity growth potential. The fund will target an annual return of 20-30% per annum for its investors.
Exhilway generally charge 1% management fee, one of the lowest in the industry in comparison to the other leading funds.
Exhilway once a wealth management company plans to build an AUM of USD $100 billion under its private equity segment by 2015. Exhilway also plans to foray into peer to peer lending and alternative trading platform services under the name “Exhilway Link” early next year.
Exhilway Link plans to list over 10,000 companies and has seen registrations from over 50,000 accredited investors worldwide. The platform will be made open for business in January next year.