Deals
Mining-Focused Buyout Firm Appian Raises $2 Billion for New Fund
- Fund III to focus on mid-tier metals and mining opportunities
- Latest fundraise takes Appian AUM to about $4 billion
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Appian Capital Advisory, the mining-focused private equity firm, has raised $2 billion for its latest fund as its takes advantage of renewed investor interest in the sector fueled by the move toward green energy.
Appian’s Fund III will focus on middle-market investments in the mining sector, looking at potential transactions in energy-transition commodities and also precious metals, according to a statement from the London-based private equity firm.