HomeCanadaKinterra Capital Closes Debut Critical Minerals Fund, at US$565M

Kinterra Capital Closes Debut Critical Minerals Fund, at US$565M

Kinterra Capital

Kinterra Capital, a Toronto, Canada-based private equity firm that invests in and develops key critical minerals assets and strategic infrastructure for energy transition, closed its debut fund, with committed capital of US$565M.

Kinterra Battery Metals Mining Fund, LP, received commitments from a variety of limited partners, ranging from endowments, foundations, public and private pension plans, consultants, OCIOs, and family offices.

Co-Founded and led by Co-Managing Partners Cheryl Brandon and Kamal Toor, Kinterra Capital is a private equity firm investing in the people, ideas, critical minerals, and strategic infrastructure necessary to accelerate the energy transition. It targets asset-level investments in stable jurisdictions—primarily in North America, Western Europe, and Australia—that both source critical minerals and process them into chemicals required for EV batteries and other end products like energy storage solutions and renewable technologies.

Brandon and Toor are supported by a deep, in-house bench of investment professionals, metallurgists, chemical engineers, geologists, permitting and sustainability experts, and mining engineers that enable the firm to efficiently originate, evaluate and advance critical minerals projects and associated infrastructure.

The fund has already invested substantial capital in a number of assets with a robust near term pipeline.

According to McKinsey, investments in mining, refining, and smelting will need to increase from approximately $3 to $4 trillion by 2030 to “bridge the great raw material disconnect” set to arise from the energy transition.

Commenting on the news, Toor said: “Our investments will enable the complete ‘mine to battery’ solutions that OEMs require to meet their electrification objectives. We aim to partner with leading automotive OEMs, battery manufacturers, and other offtake partners, in highly structured transactions that provide long-term solutions to EV supply chain challenges, all while generating robust risk-adjusted returns and benefiting the communities in which we operate.”

FinSMEs

22/11/2023