Waterton Nets $716M For Mining Fund

Mar 31 2014 | 1:46pm ET

Private-equity firm Waterton Global Resource Management has found many more takers for its new mining fund than for its predecessor.

The Toronto-based firm netted US$716 million for the new fund, it said in a regulatory filing. That’s about three times as much as it netted for a similar vehicle in 2010.

Waterton invests in metal-producers and late-stage mining developments. Last month, the firm said it would deploy some of the new fund’s assets to make a hostile bid for Chaparral Gold Corp.


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