Waterton Global Raises Over $1.0 Billion for Precious Metals Fund

TORONTO, April 7, 2014 /PRNewswire/ - Waterton Global Resource Management ("Waterton Global") is pleased to announce the final closing of its flagship private equity fund, Waterton Precious Metals Fund II ("Fund II"), with total capital commitments of U.S. $1,016,000,000.

With Fund II, Waterton Global aims to continue its successful track record of investing in the metals and mining space.   Fund II will generally target production and late-stage development assets in the precious metals sector that are located in politically stable jurisdictions, through acquisitions, joint ventures and partnerships.

"We are grateful for the significant level of support from our investors, who have provided a strong endorsement of Waterton Global's owner-operator business model," said Isser Elishis, Managing Partner and Chief Investment Officer of Waterton Global. 

"By combining our disciplined approach to investing, our extensive technical expertise and industry knowledge, and the long-term duration of private equity capital, Waterton Global is uniquely positioned to take advantage of opportunities in the metals and mining space." 

"With over $1.0 billion of available capital, we look forward to acquiring strategic assets and making investments in projects that will complement our current holdings."

Atlantic-Pacific Capital, the largest privately-owned global placement agent and advisory firm, served as the exclusive global placement agent for Fund II.

About Waterton Global:

Waterton Global Resource Management is a private investment firm that specializes in the metals and mining sector.  Waterton Global has a proven track record of creating and building value by combining extensive technical expertise with a disciplined approach to investment management.  Waterton Global's integrated approach to managing risk provides effective stewardship of capital for investors while focusing on long-term value creation.  For more information on Waterton Global, please visit www.watertonglobal.com.  

Forward-Looking Statements

Certain statements in the press release are forward-looking information and forward-looking statements within the meaning of applicable securities Laws (collectively, "forward-looking statements") which are prospective in nature.  Forward looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward looking statements. These statements generally can be identified by the use of forward looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Such forward-looking statements are based on estimates and assumptions made by Waterton Global in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that Waterton Global believes is appropriate in the circumstances. Many factors could cause the actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, general business and economic conditions globally or in particular geographic regions. Such forward looking statements should therefore be construed in light of such factors, and Waterton Global is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

SOURCE Waterton Global Resource Management

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