APPIAN CAPITAL ADVISORY LIMITED
APPIAN CAPITAL ADVISORY LIMITED is a Series C+ and buyout fund in the US, global, latin-america, australia and africa writing $75M–$300M checks into Climate and metals-and-mining.
- Stages
- Series C+, buyout
- Sectors
- Climate, metals-and-mining
- Check size
- $75M–$300M
- Invests in
- US-wide, global, latin-america, australia, africa
- Actively investing
- Yes
- Founded
- 2011
- Assets under management
- $4B
Thesis
Appian Capital Advisory is a London-headquartered private equity firm founded in 2011, specializing in the global metals and mining sector. They act as an investment advisor to private capital funds, focusing on generating long-term value through strategic investments in mining and mining-related companies, assets, and management teams. They employ a hands-on, value-build approach, seeking to acquire small to medium-sized assets or companies at advanced greenfield, brownfield, or expansion stages. Appian also offers flexible capital solutions, including loan facilities, royalties, and streams, to help expedite projects into production. Their strategy involves a "miner-to-miner" approach, leveraging a deep in-house technical team of geologists, engineers, and metallurgists to identify and de-risk projects. This technical arbitrage, combined with a long-term perspective, is a key differentiator. Appian aims to be the partner of choice within the sector by matching quality assets with long-term capital and operating expertise, working closely with management teams to maximize their potential. They invest globally, with a particular focus on North America, Latin America, Australia, and African countries. As of October 2025, Appian Capital Advisory had approximately US$4 billion in assets under management, not including a significant co-investment pool. They have raised multiple funds, with Fund I closing in 2014 at US$375 million, Fund II closing in 2021 at US$775 million, and Fund III closing in October 2023 at US$2.06 billion. For equity investments, Appian typically targets a deployment range of US$100 million to US$300 million. On the credit side, the investment range is generally between US$75 million and US$200 million. Appian has a
Common questions
Does APPIAN CAPITAL ADVISORY LIMITED invest at the Series C+ stage?
Yes. APPIAN CAPITAL ADVISORY LIMITED lists Series C+ and buyout among the stages it invests in.
What check size does APPIAN CAPITAL ADVISORY LIMITED write?
APPIAN CAPITAL ADVISORY LIMITED writes $75M–$300M checks.
Where does APPIAN CAPITAL ADVISORY LIMITED invest?
APPIAN CAPITAL ADVISORY LIMITED invests in the US, global, latin-america, australia and africa.