Dutch asset manager Algemene Pensioen Groep (APG) has committed US$250 million of equity capital to Pallinghurst for investments in the mining sector.

Investment holding company Pallinghurst Resources, which pursues opportunities in natural resources globally, has four investment platforms: colored gemstones, luxury brand Faberge, steel feed materials and platinum group metals.

Faberge was acquired by Pallinghurst Resources in January 2007, and the company had intentions of revitalizing the Faberge name for a new era, taking inspiration from Peter Carl Faberge’s values and creative spirit.

More than US$200 million of the capital is earmarked for resources investments in South Africa. As a first investment, APG will apply for a US$50 million allotment in the upcoming equity placement by platinum producer Platmin, an existing Pallinghurst portfolio company.

The APG investment represents the second recent commitment by a long-term blue chip foreign investor to Pallinghurst and into Platmin, following the US$100 million committed by the Singapore sovereign wealth fund Temasek in March 2010.

Pallinghurst CEO Arne H. Frandsen commented: “With this APG commitment, Pallinghurst has raised more than US$1.5 billion. In the past 18 months, we have invested more than US$500 million of mainly foreign funds into the South African mining industry. We will continue to focus on attractive, sustainable and socially responsible investments, which will not only provide our investors with superior returns but also benefit all our stakeholders."