News and Media pertaining to Fund Evaluation Group

Resource Capital Funds Seeks $250 Million for Mining Bets

Written by FEG | February 27, 2023

Christian Busken, Senior Vice President and Director of Real Assets, is quoted saying, "Private-equity investment in mining remains a niche, technical business that many investors aren’t very familiar with and large alternative-asset managers tend to avoid. Despite an increased recognition among investors of the important role that battery metals are playing in the shift to clean energy, some remain reluctant to back extractive industries."

“There are some groups out there who might be very supportive of the energy transition and are looking to invest in renewable energy, particularly something tied to electric vehicles. But they might be very averse to investing in the mining sector because it’s viewed as environmentally harmful in some circles. It’s one of the biggest ironies about the energy transition.”