Kinterra Capital Sets Sights on Second Critical Materials, Infrastructure Fund

Kinterra Capital is gearing up to launch its second buyout fund targeting opportunities in critical materials and related infrastructure to meet the growing demand for EV batteries, energy storage solutions, and renewable technologies.

The Toronto-based private equity firm on January 23 filed with the SEC for Kinterra Critical Materials & Infrastructure Opportunities Fund II, saying it does not expect fundraising to last more than a year. Kinterra Capital has brought on Metric Point Capital to assist in marketing the fund in 26 US states and the District of Columbia, earmarking $2.8M for sales commissions.

The firm closed its debut critical minerals fund, Kinterra Battery Metals Mining Fund in November 2023 at $565M, marking an oversubscription against the target of $500M. The first fund secured commitments from limited partners that include endowments, foundations, public and private pension plans, consultants, outsourced chief investment managers and family offices. The Fairfax County Educational Employees and Louisiana School Employees' Retirement pensions were among the investors in the first fund, according to Dakota data.

Through its strategies, Kinterra Capital targets asset-level investments in jurisdictions it considers stable, particularly in North America, Western Europe and Australia. Its most investments have been in nickel and copper projects in Canada, the US state of Nevada, and Western Australia. 

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Written By: Dakota