Kinterra Capital closes $565m for inaugural fund

Canadian private equity firm, Kinterra Capital, has successfully concluded a $565 million debut fund aimed at acquiring crucial mineral assets essential for battery development. The funding surge aligns with growing government support for battery material sourcing and production in North America. In an oversubscribed round, Kinterra plans to deploy the capital for asset-level investments spanning North America, Western Europe, and Australia over the next eight to 10 years. This strategic move entails investments in lithium mines, cobalt, nickel, and graphite exploration operations, battery manufacturing facilities, energy storage solutions, as well as raw materials processing and recycling technology for critical battery minerals. The initiative reinforces Kinterra's commitment to contributing to the burgeoning battery development sector.