Kinterra Capital, a Canadian private equity firm, has closed $565 million in its debut fund – Kinterra Battery Metals Mining Fund. The oversubscribed round exceeds its target of $500 million. The Fund attracted commitments from a variety of limited partners, ranging from endowments, foundations, public and private pension plans, consultants, OCIOs, and family offices.
Investment plans
The fund will target asset-level investments in North America, Western Europe, and Australia over the next eight to 10 years. It targets companies that source critical minerals and process them into chemicals required for EV batteries and other end products like energy storage solutions and renewable technologies.
Kinterra Capital will pump investments into lithium mines, operations to uncover cobalt, nickel and graphite, energy storage solutions, raw materials processing plants, battery manufacturing plants, and other technologies that extract, process and recycle critical battery minerals.
Drives the energy transition
Kinterra Capital was founded by Cheryl Brandon and Kamal Toor with a 15-year track record in private equity. Previously, they invested together in Kinterra’s target sectors across over 40 transactions.
Brandon and Toor are supported by a deep, in-house bench of investment professionals, metallurgists, chemical engineers, geologists, permitting and sustainability experts, and mining engineers that enable the firm to efficiently originate, evaluate and advance critical minerals projects and associated infrastructure. This differentiated capability makes Kinterra an attractive partner for public and private sector organisations that are driving the energy transition globally.
We aim to partner with leading automotive OEMs, battery manufacturers, and other offtake partners, in highly structured transactions that provide long-term solutions to EV supply chain challenges, all while generating robust risk-adjusted returns and benefiting the communities in which we operate,” added co-founder and co-Managing Partner at Kinterra Capital, Kamal Toor. “Our investments will enable the complete ‘mine to battery’ solutions that OEMs require to meet their electrification objectives.”
“We are grateful for the support from our limited partners, and their conviction that we have the right strategy and team to help build a more reliable and secure critical mineral supply chain and further the energy transition,” said co-founder and co-Managing Partner at Kinterra Capital, Cheryl Brandon. “We have a robust pipeline of opportunities on both the upstream and midstream sections of the supply chain, and a fertile ecosystem of relationships that generate and nurture proprietary deal flow. We are excited to continue to allocate the Fund’s capital on behalf of our investors to drive returns.”
