Eddie Rigg, the prominent dealmaker behind Argonaut Infrastructure, has launched a new Special Situations Fund focused on taking significant stakes in Australian mining companies.
The private equity-style vehicle targets firms managed by what Rigg describes as the "rockstars" of the industry, aiming to generate substantial returns through concentrated positions in high-quality operators.
The launch comes as Australian equity markets show signs of stabilizing at the start of the new financial year.
Investors have been targeting a rebound in energy stocks and rare earth miners, which faced heavy selling pressure in June.
The entry of a dedicated resources fund with a private equity mandate signals growing confidence in the sector's near-term prospects and the availability of attractive valuations for well-managed companies.
Rigg's strategy focuses on identifying mining companies with strong leadership teams and operational excellence.