NASDAQ – Scipion Capital Wednesday said it has launched a new?fund to invest in African mining and natural resources companies, after raising $15 million in investor commitments.
The fund, called Scipion Mining & Resources Fund, is targeting annual returns above 50% and is being marketed to institutional?investors and wealthy individuals.
Scipion said it plans to take equity stakes in small-cap mining companies listed in Sydney, Toronto and on London’s junior Alternative Investment Market. It is being managed by Scipion Chief Investment Officer Nicolas Clavel and Scipion Head of Structured Trade Finance Andrew Garden.
