Exhilway closes USD200 million mines and minerals private equity fund

By VCPOST Staff Reporter

Nov 21, 2013 12:51 AM EST

Exhilway Global has raised its first USD200 million mines and minerals private equity fund. The said fund will purchase and operate mine sites in Indonesia, Turkey, and Kazakhstan, according to a report published by Citybizlist.

Exhilway is the largest US-based emerging markets private equity fund in the world. Launched just a month ago, the fund gathered investments from pension funds, fund of funds, and high net worth accredited investors. At present, the fund is in the process of selecting possible partners, report said.

The private equity fund offers complete capital protection and minimum debt return to its investors. It also has a potential for unlimited equity growth return, said the report.

Meanwhile, Exhilway is planning the launch of another fund called Exhilway Global Opportunities (EGO) Fund-I next month, USD2 billion opportunity fund that will invest in emerging startups in Asia, Africa, and America. The fund will offer the same minimum debt return, capital protection, and unlimited equity growth potential to its clients. The EGO Fund-I will target a yearly return of 20% to 30% for its investors, Citybizlist reported.

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