Pandion Mine Finance raises $175m

The New York-based investment firm has successfully closed its debut fund.

Pandion Mine Finance Fund has held a final close at $175 million. The mining-focused fund seeks investment opportunities ranging in size between $10 million and $40 million and at closing date had made investments in four junior mining companies: Lupaka Gold; Gowest Gold; FMS Investimentos e Participações; and Firesteel Resources.