Asian Lion (Lion – 63%)
Summary
| Total investment by Lion: | US$18.9 million |
| Date of initial investment: | December 2006 |
| Area of activity: | Asia – Mining Investment |
| Website: | www.asianlion.net |
Company
Asian Lion Limited (Asian Lion), formed in July 2006, is a private equity fund that will provide capital for development projects, feasibility studies and advanced exploration in junior mining companies active in Asia. Asian Lion is modelled on the successful African Lion Funds, in which Lion Selection has also invested. The fund is managed by Lion Manager Pty Limited (the Manager), which is also the manager of the African Lion funds.
The initial size of the Asian Lion fund was US$21.6 million. Following a second closing in October 2007 the fund was increased to US$34.2 million.
Asian Lion’s other shareholders include the IFC (the World Bank’s investment arm), PROPARCO (French Government), Altitude Investment Company and the Lion Manager.
Asian Lion has now completed its active investment stage and will continue to manage its existing portfolio.