Launches & Closures

Scipion prepares African junior mining fund


London-based Scipion Capital is preparing to go live with its new Scipion Mining & Resources Fund in February, focusing on the anticipated recovery of the junior mining and natural resources sector in Africa.

Nicolas Clavel

The fund has committed seeding of $15 million and has initial capacity of $300 million, after which Scipion will consider a second tranche.

Headed by Scipion's Geneva-based CIO Nicolas Clavel, Scipion manages three other funds, namely a pan-African index tracker fund, an actively managed African equities product and a commodities trade finance fund. The funds each gained more than 10% in 2009.