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 assist in advancing 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.

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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.

Martin Valdes

Private Equity Fund

Santiago

Partner, Head of RCF VII

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 the day-to-day operations of the Private Equity Strategy for RCF VII including deal sourcing, portfolio allocation, deal strategy and investment approval processes.

Ross Bhappu

Private Equity Fund

Denver

Partner, Head of Mature Funds

Ross joined RCF in 2001 after serving as the President of a development-stage copper company, Director of Business Development at Newmont Mining Corporation focused on M&A activities globally and positions in various technical and financial roles at Cyprus Minerals Company. Ross manages the day-to-day operations of the Private Equity Strategy for mature funds (RCF IV, RCF V, RCF V Annex and RCF VI).

Russ Cranswick RCF Opportunities
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
Lyle Bruce

RCF Jolimont Innovation

Brisbane

Partner, Head of Jolimont Innovation

Lyle joined RCF Jolimont in 2013. Lyle has 40 years in the mining and processing industry, mostly related to technology commercialization and implementation. He is currently Chair of METS Ignited, the Growth Centre for the METS Sector in Australia. 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

Partner, 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.

 

John Beczak Resource Capital Funds
John Beczak

Resource Capital Funds

New York

Chief Financial Officer

John joined RCF in 2016. Prior to joining, John held positions in various Private Equity financial oversight roles, most recently with a family office overseeing all financial responsibilities of a $10 billion private and public equity portfolio. Previously, John served as Fund CFO of the closed-end credit and distressed strategies for the Carlyle Group, COO for two closed-end credit funds at Lehman Brothers, and as a controller for Credit Suisse’s DLJ merchant banking funds. John manages all aspects of RCF’s Finance team overseeing fund reporting and financial statement preparation.

Sherri Croasdale

Resource Capital Funds

New York

Senior Advisory Partner

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 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 provides advisory services to RCF across all funds in finance related disciplines.

Mason Hills

Resource Capital Funds

Denver

Chair of Partners, 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. He also chairs the Partners Committee that is responsible for the overall governance of RCF’s global investment operations.

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.

Allison Forrest Responsible Investment Officer
Allison Forrest

Resource Capital Funds

Denver

Responsible Investment Officer

Allison joined RCF in 2012 after working as a Corporate Environmental and Sustainability Advisor at Agrium, Inc. (now Nutrien). Allison is responsible for ensuring environmental, social and governance (ESG) matters are integrated into RCF’s investment analysis and management activities. She is a member of the RCF ESSG Committee, the RCF Foundation and is Vice President of Women In Mining, Denver Chapter.

Michael Rowe

Resource Capital Funds

Perth

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.

 

Molly Campbell RCF
Molly Campbell

Resource Capital Funds

Denver

Chief Compliance Officer

Molly joined RCF in 2012 after serving as a Compliance Manager at Independence Capital Asset Partners. Molly has compliance experience in private funds focusing on private equity, public equity and credit investments. Prior to Independence Capital Asset Partners she was with Bain Capital Credit. Molly manages all aspects of RCF’s Compliance program.

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 an RCF investment team.

Jasper Bertisen

Private Equity Fund

Denver

Partner, 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.

Brett Beatty

Private Equity Fund

Perth

Partner, MD Australia, 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 an RCF investment team as well as the administrative aspects of RCF’s Perth Office.

Josh Parrill RCF Opportunities
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.

Michael Price

Credit Strategy

London

Senior Advisor and London Representative

Michael has 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 working in the mining industry for a number of major mining companies.

Charles Gillies
Charles Gillies

RCF Jolimont Innovation

Melbourne

Director

Charles joined RCF Jolimont in 2013. Prior to RCF Jolimont, he co-founded Jolimont Capital with Lex, where they both worked together from 2003 through 2012 to complete 30 technology investments. Charles has 21 years of private equity experience working with management teams on financings, restructurings, and marketing. Prior roles include membership of investment committees, consulting, marketing, and corporate advisory.

Lex McArthur RCF Jolimont Innovation
Lex McArthur

RCF Jolimont Innovation

Melbourne

Director

Lex joined RCF Jolimont in 2013. Prior to RCF Jolimont, he co-founded Jolimont Capital with Charles, where they both worked together from 2003 to 2012 to complete 30 technology investments. 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.

Joe Bishop RCF Opportunities
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.

Justin Anderson RCF Private Equity
Justin Anderson

Private Equity Fund

Denver

Principal

Justin joined RCF in 2010 having previously worked as a Mining Engineer for URS Corporation (now AECOM) and Marston and Marston Inc. (now part of Golder Associates). His previous experience includes generating open cut coal feasibility studies and open pit contracting mining. Justin is responsible for managing investments within the Mature Funds portfolio.

James Rattenbury RCF Private Equity
James Rattenbury

Private Equity Fund

Perth

Principal

James joined RCF in 2012 after working across Australasia in exploration and mine geology roles with Fortescue Metals Group and Oceana Gold. James worked on an investment team in Denver before returning to Australia in 2019, and manages transactions for the Private Equity strategy.

Andrew Jessett RCF Jolimont Innovation
Andrew Jessett

RCF Jolimont Innovation

Brisbane

Vice President

Andrew joined RCF Jolimont in 2020. Andrew is an experienced leader and entrepreneur, with over 20 years’ experience in the mining industry. Prior to joining RCF Jolimont, Andrew was founder, chief executive officer, and director of leading mining technology firm MineWare Pty Ltd. In 2017, Andrew successfully oversaw the acquisition of the MineWare business by Komatsu Ltd.