The Secrets of Junior Mining Private Equity Risk Managers."You would never imagine that the mining industry is as distressed as it is when you meet with investors who allocate to private equity in mining. We raised our fund in early 2014 and had 10 investors who had allocated a total of just over $1B. We had no plans to raise another fund until those investors told us they wanted to double their exposure. So we're closing another $1.1B next month. The appetite for exposure to the sector is very high. When investors find the right team they just want to keep writing checks. They don't want that money back; they want the money out the door. They understand that now is a good time to have exposure to the sector. We've had an unbelievable amount of demand from pension funds and endowment funds that are just cold calling us to ask, do you have room in your fund? It's a completely different environment (versus what is happening in the public markets). There's no shortage of capital available to us. We just need to be able to successfully allocate that capital to management teams." http://www.theaureport.com/pub/na/16797