Barclays Natural Resource Investments (“BNRI”) is a global private equity business focused on natural resource investment opportunities that provides clients of Barclays Bank Plc (or its affiliates) and strategic investors with the opportunity to gain exposure to the natural resources sector by co-investing alongside the investment bank of Barclays Bank Plc and the BNRI investment team. BNRI invests in global natural resources by finding and partnering with ‘uniquely well-placed’* operational management teams with specific expertise and significant experience and track-record within niches of the global natural resources sector, primarily in upstream oil & gas, upstream mining, and power, including renewables.
Following substantial due diligence, typically, we will commit US$50-200m to each management team to help execute their business plans. This investment amount will in general be structured as a ‘line of equity’ to the newly established portfolio company, whereby management teams identify potential asset and transaction opportunities and bring them to the board for discussion and approval. The equity is then drawn down as required subject to the total commitment cap agreed upfront. We are an active investor and insist on board representation.
BNRI was founded in 2006 and as of December 2011 has committed circa US$1.7bn to 19 separate portfolio companies and management teams
BNRI has offices in London, New York and Dubai and is staffed with 16 investment professionals. We also draw on the skills and contacts of a highly experienced advisory panel, including Tony Trahar (Anglo American), Francis Gugen (Amerada Hess), Mike Reynolds (National Power) and Robert Champion de Crespigny (Normandy Mining).
BNRI is a division of Barclays Bank Plc.