Venture Capital: Kinterra’s Debut Critical Minerals Fund Wraps Up US$565M
“Our investments will enable the complete ‘mine to battery’ solutions that OEMs require to meet their electrification objectives.” – Co-Founder and Co-Managing Partner Kamal Toor, Kinterra
Kinterra Capital, a firm specializing in critical minerals assets for the energy transition, has successfully closed its debut fund, the Kinterra Battery Metals Mining Fund, LP. The fund, with committed capital exceeding its target at US$565 million, aims to address the structural underinvestment in critical minerals over the past decade.
Co-Founders Cheryl Brandon and Kamal Toor, with a 15-year track record in private equity, emphasize the need for capital investment in excellent assets discounted due to underinvestment.
McKinsey estimates that investments in mining, refining, and smelting must rise to $4 trillion by 2030 to bridge the raw material disconnect from the energy transition. Kinterra focuses on stable jurisdictions in North America, Western Europe, and Australia, investing in critical minerals and processing them into chemicals for EV batteries and other end products. (Yahoo Finance)
Their strategy aligns with the global energy transition, addressing the ‘energy trilemma’ by securing critical mineral supply from diversified sources in socially responsible ways. Supported by a diverse team of experts, Kinterra aims to be a strategic partner for public and private organizations driving the energy transition.
The firm plans structured transactions with automotive OEMs and battery manufacturers, providing long-term solutions to EV supply chain challenges.
The fund, attracting commitments from various partners, including endowments, foundations, and pension plans, has already invested substantially in assets with a robust near-term pipeline.
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