Orion Mine Finance has raised $793.5 million to date for its Orion Mine Finance Fund II, per a SEC filing. The New York-headquartered firm has set a $2 billion target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $1.2 billion in 2012.
Investors that committed to Orion Mine Finance Fund II include the Texas Municipal Retirement System, the North Carolina State Treasury and the University of Michigan.
The fund will target subordinated/mezzanine debt opportunities in mining sectors globally.