Fundraising Fox

Resource Capital Funds

Private equity

Denver · 48 people tracked

Also known as RCF MANAGEMENT, LLC

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Investment thesis

Resource Capital Funds is a specialist investor dedicated to the mining and minerals sector, running a diversified platform of mining-specific strategies. Its investment process includes a structured scoping phase supported by proprietary analytical tools, and it incorporates ESG considerations among the many factors evaluated when making investments. RCF's platform spans multiple funds, including mining innovation vehicles such as RCF Jolimont Mining Innovation funds focused on mining technology companies, reflecting a focus on backing businesses across the phases of mining.

Source: firm website, verified Aug 25, 2026.

HQ
Denver, US
Instruments
Equity
Founded
1998
AUM
$1.8B
Tracked investments
17

Team · 48 people

from the firm's website
James McClements· Co-founder and Managing Partner
Sherri Croasdale· Chair, RCF Foundation
Calum Semple· Partner, Head of Technical
Charles Gillies· Managing Director and Chair of Innovation Investment Committees
Jacqueline Murray· Partner, Head of Fund
Lyle Bruce· Partner
Martin Valdes· Partner, Head of Private Equity
Mason Hills· Partner, General Counsel
Michele Valenti· Partner, COO & CFO
Richard Brereton· Partner, Global Head of Investor Relations
Russ Cranswick· Partner, Head of Opportunities
Adam Jensen· Senior Systems Administrator
Alex Colebourn· Associate
Amanda Mallec· Office Manager and Executive Assistant
Andrew Jessett· Head of Innovation
Anna Gallagher· Senior Associate
Brendan McGraw· Investor Relations Senior Associate
Christina Rayot· Global Head of Human Resources
Dani Jeyes· Investment Manager
Elise Pauly· Director, Finance and Accounting
Fabiano Tavares· Investment Manager
Francisca Yoma· Associate
Helen Drake· Staff Accountant
Janee Wren· AR/AP Coordinator
Jasper Bertisen· External IC Member
Jennifer Vowinkel· Senior Fund Controller
Jessica Jones· Consultant, ESG
John Murphy· External IC Member
Jonathan Rafalski· Applications Specialist
Juan Diego Garcia· Associate
Kaitlin Tortorici· Senior Fund Controller
Kirsty Whiteoak· Office Manager and Executive Assistant
Meghan Mosvick· Assistant Global Controller
Michele Buchignani· External IC Member
Miranda Carlsson· Senior Accounting Manager
Missy Funderburg· Corporate Paralegal
Nathan McNee· Associate
Rhys Diermajer· Investment Manager
Rob Gray· Chief Commodity Strategist
Shari Lamstein· Staff Counsel
Sid Davey· Fund Controller
Simon Ford· Senior Director, Metallurgy & Processing
Sophie Drake· External Consultant
Stephen Axcell· Consultant, Project Development
Sunny Shah· Investment Team Leader
Tony Foley· Chief Technology Officer
Victor Deans· Senior Fund Accountant

What they invest in

from 7 of 17 portfolio companies

Cleantech ×4New Materials ×3AI & Machine Learning ×2Energy ×2Hardware ×2Robotics ×2Advanced Manufacturing ×1Deep Tech ×1

HQs:Australia×2Canada×1

Investments · 17 tracked

founders shown can be your intro path
Aquitaine

Gold investment in France (Opportunities strategy).

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

Aurum

Gold investment in Ivory Coast (Opportunities strategy).

Australian Droid Robot

Mining innovation company in Australia (Innovation strategy).

Australian Vanadium Limitedaustralianvanadium.com.au

Australian Vanadium Limited (AVL) is developing the Australian Vanadium Project, a mining and processing operation across the vanadium value chain, including vanadium electrolyte supply and building the vanadium flow battery market through its subsidiary VSUN Energy.

CleantechEnergyNew Materials

Graham Arvidson(Chief Executive Officer)

Defense Metals Corp

Rare earth elements investment in Canada (Opportunities strategy).

El Espino

Copper investment in Chile (Private Equity strategy).

Mevco

Mining innovation company in Australia (Innovation strategy).

Orezone Gold Corporation

Gold investment in Burkina Faso (Private Equity strategy).

Phibionphibion.comin

Phibion provides Accelerated Mechanical Consolidation (AMC) technologies—including amphibious and autonomous platforms and geotechnical testing tools—that help mining companies consolidate tailings, recover process water, and extend the life of Tailings Storage Facilities.

CleantechHardwareRobotics

Pitcrewpitcrew.ai

Pitcrew provides an automated tyre inspection system (Pitcrew AIS) that installs beside haul roads to scan passing trucks, detecting external tread temperature and tyre damage and delivering analytics through a dashboard or fleet management integration.

AI & Machine LearningIoTMobility & Transportation

Q2 Metalsq2metals.comin𝕏

Q2 Metals is a mineral exploration company advancing the Cisco Lithium Project, a hard-rock lithium deposit in the Eeyou Istchee James Bay Region of Quebec, Canada.

CleantechEnergyNew MaterialsVancouver, CA

Alicia Milne(Executive Officer, Director)Neil McCallum(Executive Officer, Director)Jody Bellefleur(Executive Officer, Director)

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

Railveyorrailveyor.comin𝕏

Railveyor makes an electric, autonomous material handling system using a light rail train propelled by stationary drive stations and controlled by automation software.

CleantechHardwareRobotics

Rme Holdings

Mining innovation company in Australia (Innovation strategy).

Rti

Mining innovation company in Australia (Innovation strategy).

Selkirk

Copper investment in Canada (Opportunities strategy).

Vrifyvrify.com

VRIFY develops AI-based mineral exploration software, including DORA, an AI prospectivity mapping tool used by mining companies to assess the mineral potential of exploration sites.

AI & Machine LearningDeep TechSaaS

Portfolio news

latest coverage across their companies

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 Board201718.0%1.87x1.09x
RESOURCE CAPITAL FUND VII LPLPs: District of Columbia Retirement Board, University of Texas Investment Management Company201712.5%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 17 tracked investments.
What sectors does Resource Capital Funds focus on?
Resource Capital Funds focuses on Deep Tech, 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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