|By PR Newswire||
|January 29, 2014 03:01 AM EST||
LONDON, January 29, 2014 /PRNewswire/ --
Appian Natural Resources Fund LP ("Appian" or "the Fund") is pleased to announce its final institutional closing as a specialist metals and mining private equity fund with limited partner commitments of US$375 million.
The Fund has been established to invest specifically into metals and mining companies or projects in selected jurisdictions in which it sees attractive investment opportunities. Bringing together a collection of highly experienced operational mining, private equity and investment banking professionals, Appian has a uniquely collaborative investment approach that seeks to build investor value through the provision of capital and operating expertise, assisting mining companies to optimise development of operations and, ultimately, enhancing returns. The Jersey based Fund will focus on investing in small to medium-sized assets or companies in the metals and mining sector in selected regions in Latin America, North America, Africa and Europe, partnering with local owners, managers and investors to leverage its world class operational and corporate expertise to generate significant value for the Fund's investors and other stakeholders. The Fund's network also provides access to an additional and significant pool of capital, which has the potential to participate in co- investment opportunities alongside the Fund.
World Class Operational and Corporate Expertise
Headquartered in London, with an international network in key mining cities, the Fund's advisor, Appian Capital Advisory LLP, has a senior management team that is a combination of professionals from major mining companies, private equity firm and investment banks, bringing together over 150 years of combined mining experience. In aggregate they have managed in excess of 60 mines through to production and concluded over $200 billion worth of mining sector transactions, while generating significant returns for investors. With a successful track record of value creation across the full mining life cycle, the team's strong operating and corporate skills are available to support management teams to optimise assets and ramp up operations that deliver value and generate attractive returns.
Collaborative and Strategic Approach to Investing
Alongside management, Appian is able to draw on the team's talent pool of leading industry professionals to combat the current sector skill shortage and improve project delivery at its investments. The Fund's long-term investment horizon and investment size of between US$10 - US$100 million provide management teams with a patient and supportive investor. By removing financing risk, local management will be able to concentrate their efforts on the development and optimisation of their assets to generate long-term value while continuing to draw on the support of Appian Capital Advisory LLP's operating and financial teams and network throughout the investment period.
The Jersey based Fund will focus its investments primarily on near-term production opportunities where a resource has been clearly delineated and first production is targeted within 3 years. The management team will also evaluate value-enhancing opportunities at brownfield or distressed assets, or producing assets with significant expansion potential. With a flexible mandate, the Fund will invest in both public and private companies at the asset or corporate level.
Michael W. Scherb, Founder, commented:
"We are extremely pleased to be launching the Appian Natural Resources Fund, and have been strongly supported by some of the world's most established and highly regarded investors. We believe that our unique business model, offering companies not only access to transformative capital but also critically important operational, financial and technical support, will enable Appian to achieve its target returns and be a stable long term and collaborative partner for management teams and projects."
Mercury Capital Advisors, the global private fund raising and financial advisory firm, acted as exclusive placement agent for the successful raise of the Fund.
For further information, please contact:
Appian Capital Advisory LLP
Michael W. Scherb, Verne Grinstead and Vincent Jacheet
33 St James's Street
Appian Natural Resources Fund LP
St Helier, Jersey, JE1 0BD, Channel Islands
Charles Vivian / James MacFarlane
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at @DevOpsSummit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Oct. 8, 2015 05:15 PM EDT Reads: 177
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Oct. 8, 2015 05:15 PM EDT Reads: 112
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete en...
Oct. 8, 2015 05:15 PM EDT Reads: 236
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 8, 2015 05:00 PM EDT
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult - let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and li...
Oct. 8, 2015 05:00 PM EDT Reads: 165
In their session at DevOps Summit, Asaf Yigal, co-founder and the VP of Product at Logz.io, and Tomer Levy, co-founder and CEO of Logz.io, will explore the entire process that they have undergone – through research, benchmarking, implementation, optimization, and customer success – in developing a processing engine that can handle petabytes of data. They will also discuss the requirements of such an engine in terms of scalability, resilience, security, and availability along with how the archi...
Oct. 8, 2015 05:00 PM EDT Reads: 391
“All our customers are looking at the cloud ecosystem as an important part of their overall product strategy. Some see it evolve as a multi-cloud / hybrid cloud strategy, while others are embracing all forms of cloud offerings like PaaS, IaaS and SaaS in their solutions,” noted Suhas Joshi, Vice President – Technology, at Harbinger Group, in this exclusive Q&A with Cloud Expo Conference Chair Roger Strukhoff.
Oct. 8, 2015 05:00 PM EDT Reads: 432
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
Oct. 8, 2015 05:00 PM EDT Reads: 141
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Oct. 8, 2015 05:00 PM EDT Reads: 119
DevOps has often been described in terms of CAMS: Culture, Automation, Measuring, Sharing. While we’ve seen a lot of focus on the “A” and even on the “M”, there are very few examples of why the “C" is equally important in the DevOps equation. In her session at @DevOps Summit, Lori MacVittie, of F5 Networks, will explore HTTP/1 and HTTP/2 along with Microservices to illustrate why a collaborative culture between Dev, Ops, and the Network is critical to ensuring success.
Oct. 8, 2015 04:45 PM EDT Reads: 118
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Oct. 8, 2015 04:45 PM EDT Reads: 238
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes.
Oct. 8, 2015 04:30 PM EDT Reads: 191
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of...
Oct. 8, 2015 04:30 PM EDT Reads: 7,458
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Oct. 8, 2015 04:00 PM EDT Reads: 219
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
Oct. 8, 2015 04:00 PM EDT Reads: 297