ISR Capital teams with Liongold, Suzhou Power for Asian natural resources fund


alchemy gold bottleSingapore-based gold business Liongold is reportedly launching a new private equity fund targeting natural resources alongside a subsidiary of ISR Capital and Chinese company Suzhou Power.

IPR is structured as the second part of the existing Infiniti Premium Resources vehicle according to Singapore’s Business Times newspaper.

It said the fund hoped to achieve medium to long-term capital appreciation through direct investments in mining projects and related energy and power deals.

The current fund is overseen by managing partner Omar Malik, who has more than a decade of asset management and private equity experience across major mining geographies and commodities according to the firm’s website.

Last year The Sentient Group closed its fourth natural resources-focused buyout fund on $1.3bn, trouncing the $816m it raised for its last vehicle in 2009.

Existing LPs made up 63 per cent of total commitments to the buyout fund, while partner Nicholas Mead said the firm has started to make new inroads into the Asian LP market.

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