Macfarlanes advises Tembo Capital Management on closing of third fund at $380m

18 October 2021

Macfarlanes has advised Tembo Capital Management, a leading investment advisor in the metals and mining sector, on its third fund, Tembo Capital Mining Fund III LP (Tembo III), which has successfully held a final closing at $380m, exceeding its target of $300m.

The fund will focus on metals in tier one mining jurisdictions that are important to decarbonisation and green energy transition efforts such as copper and nickel.

The fund received commitments from a diverse group of high-quality institutional investors and has already completed three investments with a fourth in the pipeline.

The Macfarlanes team was led by investment management partner Chris Good with assistance from solicitor Benjamin Pape. Tax and structuring advice was provided by tax partner James McCredie and solicitor Florence Barnes.

Chris Good comments: “We are very pleased to have advised Tembo Capital Management on its fundraising. Given the challenging market conditions, to exceed the target with a diverse group of high-quality institutional investors