Industry: Metals, minerals and mining
As demonstrated with all of its private equity funds, RCF seeks a diversified portfolio and is therefore not, constrained by geography, commodity, and phase of project or investment structure. Below are the broad investment criteria RCF uses when evaluating investment opportunities:
- Core investments by the Funds range from approximately $10M up to approximately $300M, with RCF also having the interest and capacity to lead an investment in a single transaction of up to approximately $500M.
- Strategic equity investments are made in amounts of as little as $1M. They are made in companies of interest to RCF which may not currently meet all criteria for a larger investment, or which may not have an immediate need for a larger investment. Strategic equity investments are generally made in situations where an opportunity is identified for a material follow-on investment in the future.
Time horizon: 4 to 7 years
Global focus: RCF has invested globally and does not have a preference or particular regional focus.
RCF Company Map
Commodities of interest: RCF invests in precious, base, energy, bulk, industrial minerals and minor metals, and has invested broadly across these categories.
Stage of development: RCF invests in development, construction and operating stage assets; however construction-ready projects will be a near-term focus.
Control: Preference for being an active investor with board representation.
Investment structures: RCF invests in portfolio companies across the capital structure (with the exception of senior debt) and utilizes investment structures such as convertible debt, equity, mezzanine financing, royalties, letters of credit and bridging debt as well as taking direct project interests.