Australia’s EMR Capital sets sights on $1.3bn third fundraise

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Specialist resources private equity firm EMR Capital is looking amass $1.3bn for its third private equity fund.

The Australia-based firm has yet to register any capital commitments for EMR Capital Resources Fund III, as shown in a SEC filing. EMR closed its second fund on $860m back in 2016, before going on to buy copper zinc mine Golden Grove from MMG later that year, according to a Reuter’s report.

The firm closed its first vehicle in the series, EMR Capital Resources Fund I on $450m in 2015.

Fund III will likely follow same strategy as its predecessor, targeting investments in global metals and mining companies and projects.

It’s currently unclear whether the amount listed in the filing represent a target or hard cap. FirstPoint Equity Capital is listed as a placement agent for the fund in a number of US states and abroad.

EMR operates through offices located in Melbourne, Sydney, and the Cayman Islands.

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