Orion Resource Partners announced the final closing of Orion Mine Finance Fund III. Together with co-investments, Fund III raised a total of $2.3 billion.
Orion Resource Partners is an $8.9 billion global alternative investment management firm that in its private equity funds delivers "turnkey" financial solutions to metals companies utilizing a combination of debt, equity and production linked instruments, such as royalties and streams. Fund III has already invested or committed approximately 60 percent to later-stage investments in base and precious metals — in particular, base metals such as copper, nickel, aluminum, zinc and others, which are key raw materials needed to fuel the energy transition to a clean economy.
"75 percent of the world's GDP have announced plans to decarbonize within 30 years. Meeting this commitment is impossible without metals," said Oskar Lewnowski, CIO of Orion.
Orion expects the incremental investment necessary to meet these targ
