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Resource Capital Funds

North America, Colorado, United States, Denver

Description

Resource Capital Funds (RCF) is a prominent private equity firm with a dedicated focus on the global mining sector. Established in 1998, RCF has built a reputation as a leading provider of capital to mining companies across various commodities and geographies. The firm's strategy involves investing across the entire mining life cycle, from exploration and development projects requiring significant upfront capital to operational mines seeking expansion or optimization. RCF typically takes substantial equity stakes, often ranging from significant minority positions to outright control, reflecting their hands-on approach and long-term commitment to their portfolio companies.

RCF's investment philosophy emphasizes a deep understanding of geological, technical, and operational aspects of mining, coupled with a rigorous financial analysis. They provide not only capital but also strategic guidance and operational expertise to help companies unlock value and navigate the complexities of the mining industry. Their portfolio spans a diverse range of commodities, including base metals, precious metals, bulk commodities, and industrial minerals, demonstrating their broad market reach and adaptability to different market cycles. The firm's global presence allows them to identify and capitalize on opportunities in established mining jurisdictions as well as emerging markets.

Over its more than two decades of operation, Resource Capital Funds has successfully raised and deployed over $5 billion in committed capital across a series of funds. This substantial capital base has enabled them to support over 200 mining companies worldwide, making them one of the most active and influential investors in the space. Their investments are typically substantial, reflecting the capital-intensive nature of mining projects. While specific initial check sizes can vary based on project stage and capital requirements, RCF's typical first investments for significant stakes often fall within the range of $20 million to $150 million, targeting projects that require substantial funding for development or expansion.

This focused expertise and significant financial backing position Resource Capital Funds as a critical partner for mining companies seeking to advance their projects from concept to production, or to optimize existing operations. Their long track record and specialized knowledge make them a preferred capital provider for complex and large-scale mining ventures globally.

Investor Profile

Resource Capital Funds has backed more than 25 startups, with 2 new investments in the last 12 months alone. The firm has led 7 rounds, about 28% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Post Ipo Equity, Post Ipo Debt, Private Equity rounds (top funding stages).
  • Majority of deals are located in Canada, United States, Australia.
  • Strong thematic focus on Mineral, Mining, Natural Resources.
  • Typical check size: $20M – $150M.

Stage Focus

  • Post Ipo Equity (60%)
  • Post Ipo Debt (24%)
  • Private Equity (8%)
  • Series A (4%)
  • Series B (4%)

Country Focus

  • Canada (76%)
  • United States (20%)
  • Australia (4%)

Industry Focus

  • Mineral
  • Mining
  • Natural Resources
  • Precious Metals
  • Mining Technology
  • Industrial
  • Energy
  • Customer Service
  • Information Services
  • Information Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Resource Capital Funds frequently co-invest with?

OM
North America, New York, United States, New York
Co-Investments: 2
Orion Resource Partners
North America, New York, United States, New York
Co-Investments: 1
Beedie Capital
North America, British Columbia, Canada, Vancouver
Co-Investments: 3
Primary Capital
North America, Ontario, Canada, Toronto
Co-Investments: 1
Southern Arc Minerals
North America, British Columbia, Canada, Vancouver
Co-Investments: 2
CIBC World Markets
North America, New York, United States, New York
Co-Investments: 1
BMO Capital Markets
North America, Ontario, Canada, Toronto
Co-Investments: 1
SC
North America, Texas, United States, Houston
Co-Investments: 1
Crescat Capital
North America, Colorado, United States, Denver
Co-Investments: 1
Goldcorp
North America, British Columbia, Canada, Vancouver
Co-Investments: 1

Which angels does Resource Capital Funds often collaborate with?

Ross Beaty
North America, British Columbia, Canada, Vancouver
Shared Deals: 1

What are some of recent deals done by Resource Capital Funds?

Vrify

Vancouver, British Columbia, Canada

Vrify is an information technology and services company located in Vancouver.

Customer ServiceInformation ServicesInformation TechnologySoftware
Series BFeb 27, 2025
Amount Raised: $12,500,000
Defense Metals

Vancouver, Alberta, Canada

Defense Metals is a mineral exploration company that specializes in the acquisition of mineral deposits containing metals and elements.

EnergyIndustrialMineralMiningNatural Resources
Post Ipo DebtOct 11, 2024
Amount Raised: $2,904,760
Vrify

Vancouver, British Columbia, Canada

Vrify is an information technology and services company located in Vancouver.

Customer ServiceInformation ServicesInformation TechnologySoftware
Series AMay 30, 2023
Amount Raised: $6,000,000
Defense Metals

Vancouver, Alberta, Canada

Defense Metals is a mineral exploration company that specializes in the acquisition of mineral deposits containing metals and elements.

EnergyIndustrialMineralMiningNatural Resources
Post Ipo EquityApr 27, 2023
Amount Raised: $9,190,899
Norzinc

Vancouver, British Columbia, Canada

Norzinc is a mining company that provides zinc, silver, and lead.

MineralPrecious Metals
Post Ipo DebtMay 19, 2022
Amount Raised: $6,006,521
Norzinc

Vancouver, British Columbia, Canada

Norzinc is a mining company that provides zinc, silver, and lead.

MineralPrecious Metals
Post Ipo EquityDec 13, 2021
Amount Raised: $3,300,000
Inflection Resources

Vancouver, British Columbia, Canada

Inflection Resources is a gold and copper-gold focused mineral exploration company.

Natural ResourcesPrecious Metals
Post Ipo EquityMay 17, 2021
Amount Raised: $4,437,490
Orezone Resources

Ottawa, Ontario, Canada

Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company.

MineralMining TechnologyNatural Resources
Post Ipo EquityJan 21, 2021
Amount Raised: $58,301,747
Orezone Resources

Ottawa, Ontario, Canada

Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company.

MineralMining TechnologyNatural Resources
Post Ipo DebtJan 21, 2021
Amount Raised: $35,000,000
Orezone Resources

Ottawa, Ontario, Canada

Orezone Gold Corporation (ORE:TSX) is a Canadian exploration and development company.

MineralMining TechnologyNatural Resources
Post Ipo EquityJan 29, 2020
Amount Raised: $15,381,912