Orion wraps up second mine finance fund at over $2.1 bln

Orion Resource Partners (USA) has closed its second mine finance fund at over $2.1 billion. The limited partners of Orion Mine Finance Fund II LP include sovereign wealth funds, public and private pension funds, endowments and foundations, fund of funds and family offices. As with the case of its previous fund, Fund II will finance construction of later-stage mine projects. Credit Suisse Securities (USA) LLC was adviser and placement agent while Ropes & Gray LLP served as fund counsel.


NEW YORK, Feb. 9, 2018 /PRNewswire/ — Orion Resource Partners (USA) LP (“Orion”), one of the world’s largest alternative finance providers to the metals and mining sector, today announced that it completed the final closing of Orion Mine Finance Fund II LP (together with its associated co-investment vehicle, “Fund II”). Fund II closed on over $2.1 billion of capital commitments.

Fund II is the successor fund to Orion Mine Finance Fund I and Orion Mine Finance Fund I-A (together, “Fund I”) and will continue Orion’s strategy of financing the construction of later-stage mine projects through a combination of debt, equity and production-linked investments (e.g., royalties, streams and offtakes). Limited partners in Fund II include some of the world’s largest and most sophisticated investors, including leading sovereign wealth funds, public and private pension funds, endowments and foundations, fund of funds, and family offices.

“The demand for our fund underscores the capability of our team and our differentiated strategy and we are pleased with the extraordinary level of support that we received from such a prestigious group of global investors” said Oskar Lewnowski, Chief Executive Officer & Chief Investment Officer

The closing of Fund II follows a very active year for Orion. Since the beginning of 2017, Orion has announced the exit of two large Fund I investments, including the Osisko Gold Royalties transaction in July 2017 and the SASA transaction in November 2017. To date, Fund II has completed 6 platform investments with nearly $830 million committed to investment.

Credit Suisse Securities (USA) LLC, a leading global private equity placement firm, acted as exclusive advisor and placement agent and Ropes & Gray LLP served as fund counsel.

About Orion Resource Partners
Orion Resource Partners is an alternative investment manager with $4.5 billion under management. Orion specializes in providing flexible and comprehensive capital solutions to base and precious metals mining companies globally. Orion has a seasoned team of investment professionals with demonstrated capabilities in structuring debt, equity, streaming, offtake and royalty investments. Orion employs a disciplined, risk-adjusted investment process when evaluating portfolio companies. For more information, please visit http://www.orionresourcepartners.com