NAMF is a
specialist private equity fund based
in Johannesburg and Mauritius which invests in early
to later stage junior exploration,
mining and beneficiation activities
(“Junior Miners”) in Africa, in
resources such as base metals, platinum
group metals, gold, coal and other bulk
minerals such as iron, manganese and chromite.
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NAMF provides high risk capital to
Junior Miners for the purposes of
exploration, feasibility studies or
development and expansion where we are
satisfied that significant value can be
added to projects. Our philosophy in
this regard is that value-add can only
be measured when the investment is
monetised and hence we seek commensurate
risk and liquidity adjusted returns. |
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NAMF I |
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NAMF II |
The very successful NAMF I, now closed
for new investments, had its final
closing in October 2003
with committed capital of ZAR 563
million (US$ 86 million). The NAMF I investment portfolio
has been substantially realised with the
proceeds returned to investors. NAMF I
produced a return on the investment
protfolio of 39%. |
NAMF II is a follow-on fund to NAMF I
with a limited life of eight years
starting from the first closing date, 28
February 2011,
with the first five years being the
commitment period during which the fund
is able to draw down capital from
investors. As at the first close NAMF II
has received capital commitments of up
to US$ 111 million which is now
available for investment. NAMF II will
over the next twelve months accept
further capital commitments of up to a
maximum of US$ 300 million. |
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