Private equity firm Appian Capital Advisory, in partnership with the International Finance Corporation (IFC), has announced the launch of a new $1 billion investment fund aimed at accelerating the responsible development of critical minerals, metals, and mining-related projects in emerging markets.
The initiative is anchored by IFC, which will contribute an initial $100 million, while the remaining $900 million will be mobilized through the IFC Asset Management Company. The fund will be managed by Appian and will invest alongside Appian’s existing and future funds across equity, credit, and royalty structures.
Strategic Focus on Energy Transition and Emerging Economies
The fund will target critical minerals, precious metals, and other commodities essential to the global energy transition and future-facing technologies. Special emphasis will be placed on projects in Africa and Latin America, regions rich in mineral resources but often underserved by global capital flows.
Michael W. Scherb, Founder and CEO of Appian, said:
This is a strong endorsement of Appian’s ability to identify and responsibly develop high-quality assets, unlocking long-term value for our partners.
It also underscores the vital role mining can play in driving sustainable economic growth and delivering lasting benefits for local communities, particularly in regions where development needs are most pressing.
Driving Sustainable Development Through Private Capital
The partnership reflects a shared commitment to sustainable development and inclusive growth. By channeling private capital into mining projects that adhere to high environmental, social, and governance (ESG) standards, the fund aims to create long-term value while supporting local economies.
Makhtar Diop, Managing Director of IFC, commented:
IFC is delighted to partner again with Appian on this innovative investment vehicle. Minerals are essential for building industries, creating jobs, and driving economic growth. Partnering with companies like Appian will help bring more private capital to places that need it the most, expanding access to critical resources and helping local communities benefit from the development of their mineral wealth.
A Catalyst for Responsible Mining
This fund marks a significant step in aligning global investment strategies with the urgent need for responsible resource development. As demand for minerals such as lithium, cobalt, and rare earth elements continues to rise, especially in the context of clean energy and digital technologies, initiatives like this are crucial for ensuring that resource-rich countries can participate meaningfully in the global value chain.
