Topland Group has formed a strategic partnership with the private equity arm of Barclays to co-invest in the natural resources sector.
Topland has initially committed to co-invest in nine existing BNRI portfolio companies for which the total equity commitment will be $660m across a broad range of natural resource sub-sectors – oil & gas, metals & mining, and power (including renewables).
The co-investment takes the form of an equity funding commitment to support pre-agreed business plans alongside BNRI and the management teams of the portfolio companies.
The partnership also allows for Topland to co-invest in future transactions which BNRI sources and executes over the next five years.
Tom Betts, director of Structured Finance at Topland, said: “This investment, which comes only a few months after the group’s investment into solar energy in the
“With BNRI’s outstanding track record, skills and understanding of the sector, we intend to achieve quality long-term returns from this strategic partnership.”
Mark Brown, managing director and head of BNRI, said: “We are delighted to be working in partnership with Topland who are committed to investment in the natural resources sector, and who fully endorse BNRI’s ability to generate superior risk-adjusted returns. We look forward to developing a profitable and long-term relationship together.”
paul.norman@estatesgazette.com
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