Orion Mine Finance Fund II final closes at US $2.1B

Orion Resource Partners (USA) LP, one of the world’s largest alternative finance firms focusing on the metals and mining sector, has held a final close for Orion Mine Finance Fund II LP, together with its associated co-investment vehicle, securing US $2.1 billion in capital commitments.

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.

Orion Fund II is the successor fund to Orion Mine Finance Fund I and Orion Mine Finance Fund I-A (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 such as royalties, streams and offtakes.

Orion Mine Finance Fund I is a US $1.14 billion 2012-vintage fund.

“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 (TSX/NYSE: OR) 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 acted as exclusive advisor and placement agent and Ropes & Gray LLP served as fund counsel.

photo credit: stafichukanatoly via pixabay


Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.
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