IR2 Holdings has launched a specialized joint venture between Alan Kestenbaum, Gaurav Mehta, and funds and accounts managed by Oaktree Capital Management for investments across the metals, mining and natural resources sectors.
The U.S.-based platform will focus on investing in all parts of the capital structure and along the broader industrial value chain, from mining, smelting, fabrication and value-added industrial products across a wide range of diversified end markets, by partnering with owners, managers and investors to leverage its world-class operational and corporate expertise. IR2 is evaluating opportunities globally, with a primary focus on the Americas and Europe.
The platform has a long-term investment horizon with optimal investment size of $100 million and up to $1 billion (though smaller and larger transactions will be considered), offering management teams with a patient and supportive partner who can work alongside them.
Kestenbaum commented, â€