History
Pioneers, past, present, and future
Groundbreaking
25 years of innovation in private equity mining investment
Pioneering
As banks and traditional investment firms look to shed mining assets from their balance sheets, James McClements and Henderson Tuten founded Resource Capital Funds – the pioneer in private equity mining - with initial backing from N.M. Rothschild & Sons.
RCF raises capital for its original vintage RCF I with a tight mandate to take advantage of new mining-specific opportunities
Gold
Zinc
Canada
Romania
Burkina Faso
Ghana
Philippines
Perlite
Copper
Uranium
Titanium
Portugal
Mexico
Tanzania
Australia
Kenya
United States
Russian Federation
Independent
The first independent raise is completed for RCF II. A second office is opened in New York, and the first Annual General Meeting is held in Las Vegas, NV.
Seeking greater agility and operational freedom, RCF management buys out Rothschild's interest.
Honduras
Thailand
Thermal Coal
Nickel
Aggregates
China
Metallurgical Coal
Mining Services
Technical
International expansion begins with the opening of the Perth, Australia office. RCF begins to build out its multi-disciplinary, in-house technical platform with an early focus on geology. The RCF Technical team would continue to be built out throughout the next decade with specialists in metallurgy, engineering, and construction onboarded.
Magnesium
Solomon Islands
Hungary
Peru
Namibia
Ferro-chrome
Azerbaijan
South Africa
Strategic
Taking advantage of market cycle conditions, RCF IV is strategically positioned in minor metals: Low production volume metals such as titanium, tantalum, and molybdenum that are difficult to extract and not typically traded on an exchange. Many are critical to technologies in pharmaceutical, battery, aviation, and other advanced sectors.
Tin
Iron Ore
Morocco
Chile
Bauxite
Cobalt
Wollastonite
Lithium
Drilling
Spain
Papua New Guinea
Foundation
With grants to over 100 organizations since its inception, the RCF Foundation was created to support social change and promotes sustainable development in local and mining communities.
Rare Earth Elements
Molybdenum
Botswana
Indonesia
Development
After a 10-year track record of success, RCF opens its fourth office in Toronto, Canada and begins raising capital for RCF V, which seeks to take advantage of lucrative earlier-stage project development opportunities.
Tungsten
Saudi Arabia
United Kingdom
Potash
Tantalum
Mali
Guyana
Greenland
Greece
Ethiopia
Mongolia
Mineral Sands
Calcium Carbonate
Colombia
Brazil
Senegal
Expansion
RCF expands its investment approach to encompass the full spectrum of project development risk, better accommodating different investor profiles. A South American office is opened in Santiago, Chile. Seed funding allocated to mining innovation strategy to spur - and take advantage of - industry technology advances.
RCF becomes a signatory to the United Nations-supported Principles for Responsible Investment (PRI), furthering its commitment to responsible mining practices.
Diamonds
Lesotho
India
Armenia
Democratic Republic of the Congo
Turkey
Guinea
Partnership
RCF evolves to become a formal partnership structure to broaden ownership and governance of the firm, establish a more entrepreneurial culture, and ensure the future growth and sustainability of the firm.
Platinum
Argentina
Djibouti
Ecuador
Egypt
Diversification
With multiple funds series focused on specific phases of the mining lifecycle, including RCF Opportunities Fund meant to focus on smaller, non-controlling positions from exploration through production, RCF is now able to provide investors a broader array of choices. RCF VII begins to diversify its approach by focusing on both growth and value investment strategies.
Analytics
RCF provides seed funding and establishes 4CDA, a data analytics and consultancy providing data management, advanced analytics, digital innovation and data visualization support to external clients and RCF.
Silver
Salts
Mining Innovation
Kazakhstan
Japan
Acquisition
The London office opens, and the Melbourne office is established as the Jolimont Innovation team joins RCF to further diversify investment opportunities for our limited partners and gain exposure to mining innovation.
Innovation
Despite battling global lockdowns from COVID-19, RCF continues its multi-fund strategy with the launch of RCF Jolimont Mining Innovation Fund II and II-A L.P. (RCF Innovation II), focused exclusively on the high-growth Mining Equipment, Technology, and Services (METS) sector. Mine operators increasingly rely on these companies for innovations that improve productivity, make mines safer, and lower costs.
Platinum Group Metals (PGM)
Panama
Critical Minerals
Vanadium
Gabon
Ivory Coast
Bosnia and Herzegovina
Cayman Islands
Anniversary
After 25 years of business success, RCF celebrates its silver anniversary at the 2022 Annual General Meeting in Denver, CO.
Regulations such as the The Inflation Reduction Act are spurring critical mineral investment, and the accelerating green energy transition sets the stage for a new commodities supercycle.
Palladium
#EnergyTransition
With major trends including decarbonization, mining underinvestment, ongoing population growth and consumption, and global government action and investment set to transform the commodities marketplace, RCF focuses on new Private Equity strategies and opportunities.
RCF joins the Global Battery Alliance, a partnership of businesses, governments, NGOs, investors, and academics committed to making batteries safer and more efficient to produce, while creating jobs and enhancing ESG stewardship across the supply chain.
Disclaimer
RCF Innovation II comprises RCF Jolimont Mining Innovation Fund II L.P. and RCF Jolimont Mining Innovation Fund II-A L.P.. RCF Innovation I is not a legally established partnership and represents an extracted portfolio of investments of Resource Capital Fund VI L.P. (“RCF VI”) that was managed by the principals of Jolimont Global Mining Systems Pty Ltd before it was acquired by RCFM in September 2019. Two of the three principals currently manage RCF Jolimont Mining Innovation Fund II L.P. (“RCF Innovation II”) in a substantially similar manner to RCF Innovation I. Total portfolio performance results for RCF VI are available upon request.