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Resource Capital Funds

Private equity

Denver · Growth · 65 people tracked

Also known as RCF MANAGEMENT, LLC

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Investment thesis

Resource Capital Funds is a global, specialist private equity investor dedicated to the metals and mining industry. For over 25 years it has partnered with investors, innovators, and operators to mobilize capital into critical minerals, metals, and mining ventures, aiming to generate superior returns for stakeholders. The firm invests across the full mining lifecycle—from exploration and discovery through resource definition, feasibility, financing, construction, and operations—leveraging in-house technical and multi-disciplinary expertise. It emphasizes geographic and commodity diversification, backed by a global network of local investors in key mining jurisdictions, and supports advancements in energy, security, technology, and industrialization. RCF also maintains an innovation strategy investing in mining technology companies and prioritizes ESG and responsible mining practices.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
HQ
Denver, US
Instruments
Equity
Founded
1998
AUM
$1.8B
Tracked investments
18

Team · 65 people

from the firm's website & curated & public directories
Calum Semple· Partner, Head of Technical
Charles Gillies· Managing Director and Chair of Innovation Investment Committees
Jacqueline Murray· Partner, Head of Fund
Martin Valdes· Partner, Head of Private Equityin
Mason Hills· Partner, General Counsel
Michele Valenti· Partner, COO & CFOin
Richard Brereton· Partner, Global Head of Investor Relations
Russ Cranswick· Partner, Head of Opportunitiesin
Adam Jensen· Senior Systems Administratorin
Alex Colebourn· Associate
Amanda Mallec· Office Manager and Executive Assistantin
Andrew Jessett· Head of Innovation
Anna Gallagher· Senior Associatein
Brendan McGraw· Investor Relations Senior Associate
Christina Rayot· Global Head of Human Resources
Dani Jeyes· Investment Managerin
Elise Pauly· Director, Finance and Accountingin
Fabiano Tavares· Investment Managerin
Francisca Yoma· Associate
Helen Drake· Staff Accountant
Janee Wren· AR/AP Coordinator
Jessica Jones· Consultant, ESG
John Murphy· External IC Member
Kaitlin Tortorici· Senior Fund Controllerin
Kirsty Whiteoak· Office Manager and Executive Assistant
Meghan Mosvick· Assistant Global Controllerin
Michele Buchignani· External IC Member
Miranda Carlsson· Senior Accounting Manager
Missy Funderburg· Corporate Paralegal
Rhys Diermajer· Investment Managerin
Rob Gray· Chief Commodity Strategist
Shari Lamstein· Staff Counselin
Sid Davey· Fund Controller
Sophie Drake· External Consultant
Stephen Axcell· Consultant, Project Development
Tony Foley· Chief Technology Officer
Victor Deans· Senior Fund Accountant
Callum Semple· Executive Officer
Catherine Boggs· Executive Officer
Christopher J. Corbett· Executive Officer
David A. Thomas· Executive Officerin
David Halkyard· Executive Officer
Jacqui Murray· Executive Officerin
Jeffrey Mills· Executive Officer
John M. Beczak· Executive Officer
Michael J. Rowe· Executive Officerin
Peter B. Nicholson· Executive Officer
Ross R. Bhappu· Director
Ryan T. Bennett· Directorin

What they invest in

from 8 of 18 portfolio companies

Cleantech ×4Deep Tech ×3Hardware ×3New Materials ×3Robotics ×3Advanced Manufacturing ×2AI & Machine Learning ×2Energy ×2

HQs:Australia×3Canada×3

Investments · 18 tracked

founders shown can be your intro path
At Mineralsat-minerals.comin

AT MINERALS is a trade publication covering the mineral processing, mining, and construction materials industries, reporting on equipment such as crushers, screening plants, and processing technology as well as related trade fairs and company news.

Advanced ManufacturingMedia & EntertainmentNew Materials

Australian Droid and Robotaustraliandroid.com.au

Australian Droid & Robot builds remote data-capture systems that let mining specialists inspect and monitor hazardous underground environments without entering them or halting production.

Deep TechHardwareRobotics

Co-investorsDefence Trailblazer

Australian Vanadium Limitedaustralianvanadium.com.auin𝕏

Australian Vanadium is a mining company engaged in the exploration and development of vanadium resources in Australia.

CleantechEnergyNew Materials

Graham Arvidson(Chief Executive Officer)in

Phibionphibion.comin

Phibion is an Australian mining technology company that develops Accelerated Mechanical Consolidation (AMC) technology to manage tailings in mining operations.

CleantechClimate TechHardwareRoboticsQueensland, AU

Jacques J.in

Pitcrewpitcrew.aiin

Pitcrew AI develops autonomous monitoring technology using thermal cameras and computer vision to assess heavy vehicles and detect mechanical failures before they occur, serving transport operators seeking to improve safety and efficiency.

AI & Machine LearningDeep TechIoTLogistics & Supply ChainMobility & Transportation

Co-investorsStartmate Launch ClubStartmate

Q2 Metalsq2metals.comin𝕏

Q2 Metals is developing the Cisco Lithium Project, one of the world's largest hard-rock lithium deposits located in Quebec, aimed at addressing the structural supply deficit in lithium for energy storage and electric vehicle demand.

CleantechEnergyNew MaterialsVancouver, CA

Alicia Milne(Executive Officer, Director)inNeil McCallum(Executive Officer, Director)Jody Bellefleur(Executive Officer, Director)in

BoardSimon Cohn(Director)Leo Power(Director)Kevin Bottomley(Director)

Railveyorrailveyor.comin𝕏

Railveyor manufactures an autonomous rail-based material haulage system for mining operations that reduces greenhouse gas emissions and operating costs compared to diesel truck transport.

Advanced ManufacturingCleantechHardwareLogistics & Supply ChainRoboticsSudbury, CA

Mike Dibble(Engineer / Founder)

BoardJim Fisk(Chairman of the Board)

Vrifyvrify.comin𝕏

VRIFY develops software for mineral exploration and mining companies, combining AI-driven prospectivity mapping and data analysis with presentation tools for stakeholder communication.

AgTechAI & Machine LearningDeep TechSaaSVancouver, CA

Steve de Jong(Founder & CEO)inJean-Philippe Paiement(Co-founder)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AquitaineAurumAustralian Droid RobotDefense Metals CorpEl EspinoMevcoOrezone Gold CorporationRme HoldingsRtiSelkirk

Portfolio news

latest coverage across their companies
Investors Highlights - Q2 Metals

Q2 Metals · q2metals.com · Jul 27, 2026

Fund performance · per public LP disclosures · 3

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
RCF Private Equity Fund I, L.P.LPs: District of Columbia Retirement Board2017—18.0%1.87x1.09x
RESOURCE CAPITAL FUND VII LPLPs: District of Columbia Retirement Board, University of Texas Investment Management Company2017—12.5%1.48x0.56x
RESOURCE CAPITAL FUND VI LPLPs: District of Columbia Retirement Board, John D. and Catherine T. MacArthur Foundation, Carnegie Corporation of New York +4 more2013—-7.0%0.55x0.20x

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

How many investments has Resource Capital Funds made?
Resource Capital Funds has 18 tracked investments.
What stage does Resource Capital Funds invest at?
Resource Capital Funds invests at the Growth stage.
What sectors does Resource Capital Funds focus on?
Resource Capital Funds focuses on Climate Tech, Deep Tech, Energy, New Materials.
Where is Resource Capital Funds located?
Resource Capital Funds is headquartered in Denver, US.

Media · Podcasts & interviews

from their channel

#CriticalMinerals (episode 3): Site Visit to El Espino

Resource Capital Funds

#CriticalMinerals (ep #2): Rich Brereton and Rob Gray discuss Trump's Liberation Day

Resource Capital Funds

RCF 2024 AGM Highlight Reel

Resource Capital Funds

RCF Innovation Exit: SciAps Inc.

Resource Capital Funds

RCF VII Exit: Cuprous Capital Ltd.

Resource Capital Funds

RCF Jolimont Fund II Investment Update: Pitcrew AI

Resource Capital Funds

Images

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