Orion Resource Partners
Institutional investorLondon
Also known as ORION RESOURCE PARTNERS (AUS) PTY LTD Β· ORION RESOURCE PARTNERS (UK) LLP Β· ORION RESOURCE PARTNERS (USA), LP
Investment thesis
Orion Resource Partners specializes in metals and materials, sectors it views as critical enablers of sustainable economic growth and the energy transition. Its investment approach is driven by long-term global trends: decarbonization (materials underpinning the energy transition), constrained supply (structural shortages from prolonged underinvestment and limited financing), and technological optimization of the sector's high-throughput industrial processes. Leveraging deep sector knowledge, global operations, and an extensive network, the firm offers both liquid and illiquid solutions across private and public investing for institutional partners, with a stated commitment to responsible investing.
Source: firm website, verified Aug 25, 2026.
What they invest in
from 1 of 1 portfolio companiesAI & Machine Learning Γ1Deep Tech Γ1New Materials Γ1
HQs:United StatesΓ1
Investments Β· 1 tracked
founders shown can be your intro pathVerAI Discoveries applies data science and AI to mineral exploration and real-asset discovery, drawing on expertise from geoscience and defense intelligence.
AI & Machine LearningDeep TechNew MaterialsNeedham, US
Amitai Axelrod(Executive Officer, Director)Yair Frastai(Executive Officer, Director)
BoardJeff Horing(Director)inStanton Green(Director)Timothy Warman(Director)Gordon Bogden(Director)
Co-investorsBlumberg CapitalInsight PartnersT. Rowe PriceChrysalix
Fund performance Β· per public LP disclosures Β· 10
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Orion Mine Finance Co-Fund II LPLPs: Florida State Board of Administration, Michigan Municipal Employees' Retirement System, Texas Municipal Retirement System +1 more | 2018 | β | 19.0% | 1.72x | 1.15x |
| Orion Mine Finance Fund IILPs: Florida State Board of Administration, Maine Public Employees Retirement System | 2016 | β | 9.3% | 1.32x | 0.98x |
| Orion Mine Finance Fund II NRLPs: Maine Public Employees Retirement System | 2016 | β | 12.5% | 1.22x | 0.65x |
| Orion Mine Finance Fund I-ALPs: North Carolina Retirement Systems, Michigan Municipal Employees' Retirement System | 2014 | β | 4.7% | 2.07x | 1.44x |
| Orion Mine Finance (Master) Fund I LP (F.K.A. Red Kite II)LPs: Florida State Board of Administration | 2012 | β | 3.1% | 1.20x | 0.91x |
| Orion Mine Finance (Master) Fund LP (F.K.A. Red Kite II)LPs: Florida State Board of Administration | 2012 | β | 1.9% | 1.10x | 0.70x |
| Orion Mine Finance Fund ILPs: Michigan Municipal Employees' Retirement System, North Carolina Retirement Systems, Andrew W. Mellon Foundation | 2012 | β | 0.9% | β | β |
| Orion Mine Finance (Onshore) Fund III LPLPs: Texas Municipal Retirement System | β | β | 9.6% | 1.49x | 0.91x |
| Orion Mine Finance Co-Fund III LPLPs: Texas Municipal Retirement System | β | β | 26.9% | 1.82x | 1.33x |
| Orion Mineral Royalty Fund I LPLPs: Texas Municipal Retirement System | β | β | 7.9% | 1.56x | 0.89x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What sectors does Orion Resource Partners focus on?
- Orion Resource Partners focuses on Cleantech, Climate Tech, Energy, New Materials.
- Where is Orion Resource Partners located?
- Orion Resource Partners is headquartered in London, GB.
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