'Now is a good time to deploy capital' – private equity group secures $450 million

emr capital raises 450 million gold copper potash

Australia-based EMR Capital has loaded up its new mining fund with $450 million in commitments to be invested in gold, copper, coking coal and potash sectors.

EMR Capital CEO Jason Chang feels that mining cycle is favourable.

"We think now is a good time to deploy capital into these markets," Chang told Reuters.

Chang said EMR will stay away from iron ore calling the sector "too much of a niche market."

Reuters estimates that the overall private equity industry has $2.5 trillion in investments with only $10 billion aimed at mining.

Chang says the fund has attracted endowments, institutions and private investors.

On its website EMR Capital says it is a "specialist resources private equity manager with a proven track record in successful resources project development, operation, and investments and deep linkages to Asian markets."