Waterton Global Resource Management closed Waterton Precious Metals Fund II, a metals and mining commodities fund, with $1 billion in capital commitments.
The fund was oversubscribed on its $750 million target, according to a news release from the firm. Atlantic-Pacific Capital was the exclusive placement agent for the fund.
Isser Elishis, managing partner and chief investment officer, could not be reached by press time. Spokesman Riyaz Lalani could not provide further information.