Who we are | Resource Capital Funds (2022)

Our leadership team consists of individuals with extensive commercial and technical expertise in mining and finance who work together to support portfolio companies and build teams tailored to de-risk, develop and operate mining assets.

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Who we are | Resource Capital Funds (1)

James McClements

Resource Capital Funds

Perth

Managing Partner

James co-founded Resource Capital Funds in 1998 and now, together with sixteen global partners of the firm, oversees the strategic direction. James has 35 years of experience in the mining industry and prior to launching RCF he was a natural resources sector banker with N.M. Rothschild in Australia and the U.S., and with Standard Chartered Bank. He began his professional career with BHP Limited.

Who we are | Resource Capital Funds (2)

Michele Valenti

Resource Capital Funds

Denver

Partner, Chief Operating Officer

Michele joined RCF in 2016 after having served as Global Chief Operating Officer, Private Equity at Deutsche Bank. Michele has COO and business development experience in private equity, infrastructure, real estate and hedge funds. Prior to Deutsche Bank she was with Nomura Securities, Merrill Lynch and Mahoney Cohen & Company. Michele manages all aspects of RCF’s non-investment related business.

Who we are | Resource Capital Funds (3)

Chris Corbett

Resource Capital Funds

Perth

Partner, Chief Investment Officer

Chris joined RCF in 2008 after working as a Financial Analyst and Commercial Manager within the business development department at Wesfarmers Limited. Prior to this he worked as an Engineer for Byrnecut Mining Pty Ltd where he gained technical experience in shaft sinking and equipping; and underground mine development and production. Chris develops investment business strategies and oversees the investment processes at RCF.

Who we are | Resource Capital Funds (4)

Martin Valdes

Private Equity Fund

Denver

Partner, Head of RCF VII

Martin joined RCF in 2015 following an investment banking career that included positions at J.P. Morgan and Citigroup in New York and as Partner of Hudson Bankers, a Latin American boutique M&A firm based in Chile. He has extensive experience in M&A and other transaction advisory services across Latin America, North America and Europe. Martin manages the day-to-day operations of the Private Equity Strategy for RCF VII including deal sourcing, portfolio allocation, deal strategy and investment approval processes.

Who we are | Resource Capital Funds (5)

Ross Bhappu

Private Equity Fund

Denver

Partner, Head of Mature Funds

Ross joined RCF in 2001 after serving as the President of a development-stage copper company, Director of Business Development at Newmont Mining Corporation focused on M&A activities globally and positions in various technical and financial roles at Cyprus Minerals Company. Ross manages the day-to-day operations of the Private Equity Strategy for mature funds (RCF IV, RCF V, RCF V Annex and RCF VI).

(Video) Growing ESG Requirements for Investors into Junior Mining - Jacqui Murray, Resource Capital Funds

Who we are | Resource Capital Funds (6)

Russ Cranswick

Opportunities Fund

Denver

Partner, Head of Fund

Russ joined RCF in 2000 after serving as a mining industry Equity Analyst for Canadian retail and institutional brokerage firms and eight years as a Mineral Exploration Geologist for a number of major international mining companies, the bulk of which was with Kennecott Canada Inc. and Freeport McMoRan Gold company. Russ manages the day-to-day operations of the Opportunities strategy and the Opportunities investment team overseeing deal sourcing, portfolio allocation, deal strategy and investment negotiation and investment approval processes.

Who we are | Resource Capital Funds (7)

Lyle Bruce

RCF Jolimont Innovation

Brisbane

Partner, Head of Jolimont Innovation

Lyle joined RCF Jolimont in 2013. Lyle has 40 years in the mining and processing industry, mostly related to technology commercialization and implementation. He is currently Chair of METS Ignited, the Growth Centre for the METS Sector in Australia. Prior to joining RCF Jolimont, he was CEO of GroundProbe, taking the Company from university research to commercial success as the world leader in mine slope stability monitoring. Lyle has previously held roles with Mount Isa Mines and Rio Tinto. He was EY’s Australian Entrepreneur of the Year in 2006.

Who we are | Resource Capital Funds (8)

David Halkyard

Credit Strategy

London

Partner, Managing Director, Head of Credit Strategy

David joined RCF in 2019 following a banking career in London that included senior positions with Bank of Montreal and Société Générale. During this time he led a wide range of mining financing and advisory transactions across, Europe, Middle East and Africa. Prior to this he worked as an Exploration Geologist and Precious Metals Analyst.

Who we are | Resource Capital Funds (9)

John Beczak

Resource Capital Funds

New York

Chief Financial Officer

John joined RCF in 2016. Prior to joining, John held positions in various Private Equity financial oversight roles, most recently with a family office overseeing all financial responsibilities of a $10 billion private and public equity portfolio. Previously, John served as Fund CFO of the closed-end credit and distressed strategies for the Carlyle Group, COO for two closed-end credit funds at Lehman Brothers, and as a controller for Credit Suisse’s DLJ merchant banking funds. John manages all aspects of RCF’s Finance team overseeing fund reporting and financial statement preparation.

Who we are | Resource Capital Funds (10)

(Video) Interview with Martin Valdes from Resource Capital Funds

Sherri Croasdale

Resource Capital Funds

New York

Senior Advisory Partner

Sherri has worked at RCF since its inception and was formally a Principal of Eastpointe Management LLC, a firm that provided outsourced accounting and administrative services to Private Equity funds and Director of Fund Administration at Rothschild North America and Continuation Investments N.V. Prior to joining Rothschild, Sherri was with Deloitte & Touche LLP for several years. Sherri provides advisory services to RCF across all funds in finance related disciplines.

Who we are | Resource Capital Funds (11)

Mason Hills

Resource Capital Funds

Denver

Chair of Partners, General Counsel

Mason has advised Resource Capital Funds since 2001 and joined the firm in an in-house capability in 2006. Prior to joining RCF, he practiced as a Commercial Lawyer, specializing in corporate and finance law in the resources sector. Mason previously managed RCF investment teams in both Perth and Denver and became RCF’s General Counsel in 2019. He also chairs the Partners Committee that is responsible for the overall governance of RCF’s global investment operations.

Who we are | Resource Capital Funds (12)

Rich Brereton

Resource Capital Funds

New York

Managing Director, Global Head of Investor Relations

Rich joined RCF in 2022. Prior to joining, Rich held positions in various fundraising and client services capacities, including most recently as Senior Managing Director at Harbert Management Corporation, a diversified alternatives investment platform. Prior to Harbert, he was a Managing Director at Morgan Stanley in both London and New York and worked at both Bankers Trust and JP Morgan earlier in his career. Rich manages all aspects of RCF’s fundraising processes, investor relations and co-investment programs.

Who we are | Resource Capital Funds (13)

Kevin D'Souza

Resource Capital Funds

Toronto

Chief Sustainability Officer

Kevin joined RCF in 2022 having 30 years of direct experience in over fifty countries in responsible mining. He has worked with, or consulted to, many of the industry’s top companies, such as Barrick, AngloGold Ashanti, Kinross, and Rio Tinto. Most recently he was the VP of Security, Sustainability & Environment for Centerra Gold. Kevin ensures that all aspects of ESG are addressed as part of RCF’s ongoing commitment to investing responsibly.

Who we are | Resource Capital Funds (14)

Michael Rowe

Resource Capital Funds

Perth

Partner, HR Business Director

Michael joined RCF in 2010 after 22 years with the Royal Dutch Shell Group. During his time with Shell he worked in Human Resources, and in Commercial, Governance and M&A roles in the UK, Netherlands, China, Singapore and Australia. He has a strong external focus advising RCF portfolio companies and leading HR aspects of investments. Michael commenced his career working in Industrial Relations at Australian mine site operations.

Who we are | Resource Capital Funds (15)

Jacqui Murray

Private Equity Fund

Perth

Partner, Investment Team Leader

Jacqui joined RCF in 2012 after working in Business Analysis and Improvement roles with BHP Billiton. Prior to this she worked in various Geotechnical Engineering roles in underground and open pit operations within BHP Billiton and WMC Resources. Jacqui manages an RCF investment team.

(Video) Mine Finance: Due Diligence in Mining Deals - Stratum, Resource Capital Funds, Triple Flag & Orion

Who we are | Resource Capital Funds (16)

Jasper Bertisen

Private Equity Fund

Denver

Partner, Investment Team Leader

Jasper joined RCF in 2004. Prior to joining, Jasper worked in Germany, Finland, Chile and Australia in a number of open pit and underground mining operations. Jasper manages a RCF investment team with responsibility for managing investments made by RCF in the United States of America and Canada.

Who we are | Resource Capital Funds (17)

Brett Beatty

Private Equity Fund

Perth

Partner, MD Australia, Investment Team Leader

Brett joined RCF in 2009 having worked as a Mining Engineer for numerous companies including Mincor Resources and Barminco. Brett’s field of experience include production, planning, mine design, geotechnical and mine site management in various underground operations across Australia. Brett manages an RCF investment team as well as the administrative aspects of RCF’s Perth Office.

Who we are | Resource Capital Funds (18)

Josh Parrill

Opportunities Fund

Denver

Partner, Investment Team Leader

Josh joined RCF in 2008 having worked in various operational roles for Lafarge North American in the western United States. Josh’s previous experience covered the lifecycle of mining operations including mine permitting, planning, construction, operation and reclamation. Josh manages an RCF investment team with responsibility for managing investments made via the Opportunities Strategy on a global basis.

Who we are | Resource Capital Funds (19)

Wes Loyd

Private Equity Fund

Denver

Investment Team Leader

Wes joined RCF in 2021 following a career in investment banking with Stifel Financial that spanned the metals, natural resources and real estate industries. During this time he led the origination and execution of a wide range of financing and strategic advisory transactions primarily in North America. Prior to this he served as a Captain in the United States Army and was stationed domestically, in Europe as well as deployed to the Middle East. Wes leads RCF investment teams as well as supports transaction, financing and business development efforts across RCF.

Who we are | Resource Capital Funds (20)

Michael Price

Credit Strategy

(Video) Money Market Funds: What You Need to Know

London

Senior Advisor and London Representative

Michael has worked as a representative for RCF in London since 2006 and he has extensive experience in mining and mining finance. Prior to his work with RCF, Michael was head of mining finance at three investment banks: NM Rothschild & Sons, Société Générale and Barclays Capital. He commenced his investment banking career in 1989 after working in the mining industry for a number of major mining companies.

Who we are | Resource Capital Funds (21)

Charles Gillies

RCF Jolimont Innovation

Melbourne

Director

Charles joined RCF Jolimont in 2013. Prior to RCF Jolimont, he co-founded Jolimont Capital with Lex, where they both worked together from 2003 through 2012 to complete 30 technology investments. Charles has 21 years of private equity experience working with management teams on financings, restructurings, and marketing. Prior roles include membership of investment committees, consulting, marketing, and corporate advisory.

Who we are | Resource Capital Funds (22)

Lex McArthur

RCF Jolimont Innovation

Melbourne

Director

Lex joined RCF Jolimont in 2013. Prior to RCF Jolimont, he co-founded Jolimont Capital with Charles, where they both worked together from 2003 to 2012 to complete 30 technology investments. Prior roles include founder and CEO of ADI, a technology seed investor, and CEO of Emerge CMC, a joint venture between Oracle, NEC, Telstra, and four major universities. His mining industry experience includes time as a Mining Engineer at Mt Isa in Queensland.

Who we are | Resource Capital Funds (23)

Joe Bishop

Opportunities Fund

Perth

Principal

Joe joined RCF in 2017 following 13 years with Macquarie Bank, based initially in Sydney and then in Vancouver. During this time, he led a range of mining project finance and equity investment transactions across the globe. Joe manages the Opportunities Strategy investment team in Australia.

Who we are | Resource Capital Funds (24)

James Rattenbury

Private Equity Fund

Perth

Principal

James joined RCF in 2012 after working across Australasia in exploration and mine geology roles with Fortescue Metals Group and Oceana Gold. James worked on an investment team in Denver before returning to Australia in 2019, and manages transactions for the Private Equity strategy.

Who we are | Resource Capital Funds (25)

Andrew Jessett

RCF Jolimont Innovation

Brisbane

(Video) Factors of Production (Resources)

Vice President

Andrew joined RCF Jolimont in 2020. Andrew is an experienced leader and entrepreneur, with over 20 years’ experience in the mining industry. Prior to joining RCF Jolimont, Andrew was founder, chief executive officer, and director of leading mining technology firm MineWare Pty Ltd. In 2017, Andrew successfully oversaw the acquisition of the MineWare business by Komatsu Ltd.

FAQs

What is Capital Fund example? ›

Capital funding is the money that lenders and equity holders provide to a business for daily and long-term needs. A company's capital funding consists of both debt (bonds) and equity (stock). The business uses this money for operating capital.

What are capital funds used for? ›

Capital fund-The capital fund is used to build and maintain District buildings and purchase furniture, buses, technology, and other equipment, as well as payment of debt.

What is the difference between capital and capital fund? ›

Answer. Capital is source of funds, while investment is deployment of funds. Capital shown in the liabilities side of the balance sheet, but Investment shown the assest side of the balance sheet. ... Capital account represent the paid up capital of share, reserve and surplus.

How do you find capital funds? ›

In case of Not-for-profit organisation, Capital fund can be considered as excess of its assets over its liabilities. Any surplus or deficit ascertained from Income and Expenditure account is added to (deducted from ) the capital fund.

What are three types of funds? ›

There are three major types of funds. These types are governmental, proprietary, and fiduciary.

What is added in capital fund? ›

Any surplus or deficit ascertained from Income and Expenditure account is added to (deducted from) the capital fund. This is also termed as Accumulated Fund. Q. What is meant by working capital?

What is capital fund program? ›

The Capital Fund provides funds, annually, to Public Housing Agencies (PHAs) for the development, financing, and modernization of public housing developments and for management improvements.

What are the 4 types of capital? ›

Key Takeaways

The capital of a business is the money it has available to pay for its day-to-day operations and to fund its future growth. The four major types of capital include working capital, debt, equity, and trading capital. Trading capital is used by brokerages and other financial institutions.

What are the 3 sources of capital? ›

Some of the top ways to raise capital are through angel investors, venture capitalists, government grants, and small business loans.

What are the 5 different types of capital? ›

It is useful to differentiate between five kinds of capital: financial, natural, produced, human, and social. All are stocks that have the capacity to produce flows of economically desirable outputs. The maintenance of all five kinds of capital is essential for the sustainability of economic development.

How capital fund is created? ›

Capital fund is the excess of NPOs' assets over its liabilities. In other words, the excess of assets over the liabilities for a profit earning organisation is termed as capital and the same for an NPO is termed as capital fund.

What is capital fund of a bank? ›

Bank capital is the difference between a bank's assets and its liabilities, and it represents the net worth of the bank or its equity value to investors.

What is capital fund one sentence? ›

Excess of assets over liabilites in case of not for profit concern is known as capital fund.

What is capital fund of commercial bank? ›

Bank capital is the difference between a bank's assets and its liabilities, and it represents the net worth of the bank or its equity value to investors.

What do you mean by capital fund Class 12? ›

Capital fund is the excess of NPOs' assets over its liabilities. In other words, the excess of assets over the liabilities for a profit earning organisation is termed as capital and the same for an NPO is termed as capital fund.

Is an ordinary share capital a fund? ›

Ordinary share capital is the sum of money raised by a corporation from private and public sources through the issue of its common shares. It is the capital that is received by the owners of the company in exchange for shares.

What do you call someone who raises capital? ›

Fundraising consultants are individuals who help companies, usually startups or growth companies, raise external capital.

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