Who we are

As miners with deep investing experience, and investors with deep mining experience, we partner with companies to produce positive outcomes for all stakeholders. We provide flexible financing alternatives and have internal technical, commercial, and operational experts dedicated to assisting advance projects and helping management teams formulate and execute on plans to raise capital in the public equity and project finance markets.

Experienced

Established in 1998, Resource Capital Funds pioneered the concept of a mining-focused private equity fund and has earned extensive experience in the industry. The firm has invested through a number of commodity cycles and deploys capital across the full spectrum of project development risk and throughout the capital structure.

Focused

Resource Capital Funds continues to originate with multiple fund series designated to specific mining sector market segments in order to diversify and tailor the platform in anticipation of market requirements and new strategies.

Our leadership

Our leadership team consists of individuals with extensive commercial and technical expertise in mining and finance who work together to support portfolio companies and build teams tailored to de-risk, develop and operate mining assets.

Filter by team
James McClements

Resource Capital Funds

Perth

Managing Partner

James co-founded Resource Capital Funds in 1998 and now, together with sixteen global partners of the firm, oversees the strategic direction. James has 35 years of experience in the mining industry and prior to launching RCF he was a natural resources sector banker with N.M. Rothschild in Australia and the U.S., and with Standard Chartered Bank. He began his professional career with BHP Limited.

Michele Valenti

Resource Capital Funds

Denver

Partner, Chief Operating Officer

Michele joined RCF in 2016 after having served as Global Chief Operating Officer, Private Equity at Deutsche Bank. Michele has COO and business development experience in private equity, infrastructure, real estate and hedge funds. Prior to Deutsche Bank she was with Nomura Securities, Merrill Lynch and Mahoney Cohen & Company. Michele manages all aspects of RCF’s non-investment related business.

Chris Corbett

Resource Capital Funds

Perth

Partner, Chief Investment Officer

Chris joined RCF in 2008 after working as a Financial Analyst and Commercial Manager within the business development department at Wesfarmers Limited. Prior to this he worked as an Engineer for Byrnecut Mining Pty Ltd where he gained technical experience in shaft sinking and equipping; and underground mine development and production. Chris develops investment business strategies and oversees the investment processes at RCF.

Ross Bhappu

Private Equity Fund

Denver

Partner, Head of Fund

Ross joined RCF in 2001 after serving time as the President of a development-stage copper company, the Director of Business Development at Newmont Mining Corporation and positions in various technical and financial roles at Cyprus Minerals Company. Ross manages the day-to-day operations of the Private Equity Strategy including deal sourcing, portfolio allocation, deal strategy and investment approval processes.

Russ Cranswick

Opportunities Fund

Denver

Partner, Head of Fund

Russ joined RCF in 2000 after serving as a mining industry Equity Analyst for Canadian retail and institutional brokerage firms and eight years as a Mineral Exploration Geologist for a number of major international mining companies, the bulk of which was with Kennecott Canada Inc. and Freeport McMoRan Gold company. Russ manages the day-to-day operations of the Opportunities strategy and the Opportunities investment team overseeing deal sourcing, portfolio allocation, deal strategy and investment negotiation and investment approval processes.

Lyle Bruce

RCF Jolimont Innovation

Melbourne

Director, Head of Jolimont Innovation

Lyle joined RCF in 2019. Lyle has 35 years’ experience in the mining and processing indudstry, mostly related to technology commercialization and implementation. Prior to joining RCF Jolimont, he was CEO of GroundProbe, taking the company from university research to commercial success as the world leader in mine slope stability monitoring. Lyle has previously held roles with Mount Isa Mines and Rio Tinto. He was EY’s Australian Entrepreneur of the Year in 2006.

David Halkyard

Credit Strategy

London

Managing Director, Head of Credit Strategy

David joined RCF in 2019 following a banking career in London that included senior positions with Bank of Montreal and Société Générale. During this time he led a wide range of mining financing and advisory transactions across, Europe, Middle East and Africa. Prior to this he worked as an Exploration Geologist and Precious Metals Analyst.

 

Sherri Croasdale

Resource Capital Funds

New York

Partner, Chief Financial Officer

Sherri has worked at RCF since its inception and was formally a Principal of Eastpointe Management LLC, a firm that provided outsourced accounting and administrative services to Private Equity funds and as Director of Fund Administration at Rothschild North America and Continuation Investments N.V. Prior to joining Rothschild, Sherri was with Deloitte & Touche LLP for several years. Sherri manages all aspects of RCF’s Finance team overseeing the fund reporting and financial statement preparation.

Mason Hills

Resource Capital Funds

Denver

Partner, General Counsel

Mason has advised Resource Capital Funds since 2001 and joined the firm in an in-house capability in 2006. Prior to joining RCF, he practiced as a Commercial Lawyer, specializing in corporate and finance law in the resources sector. Mason previously managed RCF investment teams in both Perth and Denver and became RCF’s General Counsel in 2019.

Jeff Mills

Resource Capital Funds

Denver

Partner, Global Head of Investor Relations

Jeff joined RCF in 2016. Prior to joining, Jeff held positions in various fundraising and client services, including most recently as Managing Director at Brooklands Capital Strategies, a division of TPG and Ares Management. Prior to Brookland Capital, he was the Head of Investor Relations and Marketing at Oak Hill Capital and started in the industry with Probitas Partners. Jeff served in the United States Army as an Aviation Officer. Jeff manages all aspects of RCF’s fundraising processes, investor relations and co-investment programs.

Michael Rowe

Resource Capital Funds

 

Partner, HR Business Director

Michael joined RCF in 2010 after 22 years with the Royal Dutch Shell Group. During his time with Shell he worked in Human Resources, and in Commercial, Governance and M&A roles in the UK, Netherlands, China, Singapore and Australia. He has a strong external focus advising RCF portfolio companies and leading HR aspects of investments. Michael commenced his career working in Industrial Relations at Australian mine site operations.

 

Jan P de Visser

Resource Capital Funds

Perth

Head of Technical

Jan joined RCF in 2009 after 15 years of consulting to the global mining industry. Prior to that he was with Newcrest Mining in site-based roles in Australia. As a Consultant, Jan has advised mining companies, lenders, brokers and investors on a variety of technical aspects, including geology, resources/reserves and exploration, and has led multi-disciplinary project review teams. Jan is experienced in many commodities and leads RCF’s in-house technical team.

Jasper Bertisen

Private Equity Fund

Denver

Chair of Partners, Investment Team Leader

Jasper joined RCF in 2004. Prior to joining, Jasper worked in Germany, Finland, Chile and Australia in a number of open pit and underground mining operations. Jasper manages a RCF investment team with responsibility for managing investments made by RCF in the United States of America and Canada. He also chairs the Partners Committee that is responsible for the overall governance of RCF’s global investment operations.

Peter Nicholson

Private Equity Fund

Perth

Partner, MD Australia, Investment Team Leader

Pete joined RCF in 2003. Prior to joining, Pete gained technical experience in mine production, planning and management with LionOre Australia (Nickel) and WMC Resources. Pete manages a RCF investment team as well as the administrative aspects of RCF’s Perth Office.

Martin Valdes

Private Equity Fund

Santiago

Partner, MD Latin America, Investment Team Leader

Martin joined RCF in 2015 following an investment banking career that included positions at J.P. Morgan and Citigroup in New York and as Partner of Hudson Bankers, a Latin American boutique M&A firm based in Chile. He has extensive experience in M&A and other transaction advisory services across Latin America, North America and Europe. Martin manages a RCF investment team with responsibility for managing investments made by RCF in Latin America. He also manages the administrative aspects of RCF’s Santiago office.

Brett Beatty

Private Equity Fund

Denver

Partner, Investment Team Leader

Brett joined RCF in 2009 having worked as a Mining Engineer for numerous companies including Mincor Resources and Barminco. Brett’s field of experience include production, planning, mine design, geotechnical and mine site management in various underground operations across Australia. Brett manages a RCF investment team.

Jacqui Murray

Private Equity Fund

Perth

Partner, Investment Team Leader

Jacqui joined RCF in 2012 after working in Business Analysis and Improvement roles with BHP Billiton. Prior to this she worked in various Geotechnical Engineering roles in underground and open pit operations within BHP Billiton and WMC Resources. Jacqui manages a RCF investment team.

Josh Parrill

Opportunities Fund

Denver

Partner, Investment Team Leader

Josh joined RCF in 2008 having worked in various Operational roles for Lafarge North American in the western United States. Josh’s previous experience covered the lifecycle of mining operations including mine permitting, planning, construction, operation and reclamation. Josh manages an RCF investment team with responsibility for managing investments made via the Opportunities Strategy on a global basis.

Ryan Bennett

Resource Capital Funds

Denver

Partner, Senior Advisor

Ryan has been with RCF since its inception, prior to which his experience included technical analyses of mining projects with N.M. Rothschild and assignments with Caterpillar, Inc. and the U.S. Bureau of Mines. Ryan provides both technical and commercial input in high value investments and mentors junior staff.

Michael Price

Credit Strategy

London

Advisor

Michael worked as a representative for RCF in London since 2006 and he has extensive experience in mining and mining finance. Prior to his work with RCF, Michael was head of mining finance at three investment banks: NM Rothschild & Sons, Société Générale and Barclays Capital. He commenced his investment banking career in 1989 after production mining and planning experience with the UK National Coal Board, BP Coal, BP Minerals and BP Exploration. Michael is a European Engineer and holds a Mine Manager Certificate of Competency (South Africa).

Charles Gillies

RCF Jolimont Innovation

Melbourne

Director

Charles joined RCF in 2019. Charles has 20 years Private Equity experience working with management teams on financing, restructuring and marketing. He has made 38 technology investments. Prior to RCF he co-founded Jolimont Capital where he worked from 2003 to 2012. Prior roles include membership of Investment Committees, consulting, marketing and corporate advisory.

Lex McArthur

RCF Jolimont Innovation

Melbourne

Director

Lex joined RCF in 2019. Lex has 20 years of private equity experience and has made 38 technology investments. Prior to RCF he co-founded Jolimont Capital where he worked from 2003 to 2012. Prior roles include Founder and CEO of ADI, a technology seed investor, and CEO of Emerge CMC, a joint venture between Oracle, NEC, Telstra and, four major universities. His mining industry experience includes time as a Mining Engineer at Mt Isa in Queensland, Australia.

Gregory Honig

Resource Capital Funds

Toronto

Director of Origination

Greg joined RCF in 2014 after working internationally in corporate development, business optimization, and strategy & marketing roles with Xstrata Nickel. Prior to this he worked as a mining-focused investment banker at Orion Securities in Toronto. Greg worked on an investment team in Denver before returning to Canada in 2018 to head up investment origination for the region and manage the administrative aspects of RCF’s Toronto office.

Joe Bishop

Opportunities Fund

Perth

Principal

Joe joined RCF in 2017 following 13 years with Macquarie Bank, based initially in Sydney and then in Vancouver. During this time, he led a range of mining project finance and equity investment transactions across the globe. Joe manages the Opportunities Strategy investment team in Australia.