Kinterra Capital Corp. has closed its second flagship vehicle, Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP, with $950 million in total capital commitments, surpassing its $850 million target and reaching its hard cap. 

Launched in the first quarter of 2025, Fund II drew strong investor demand as global attention on supply chains and industrial policy reshapes capital flows into critical minerals and infrastructure. 

“Critical minerals have moved to the centre of economic, industrial, and geopolitical policy globally,” said Cheryl Brandon, Co-Founder and Co-Managing Partner of Kinterra Capital. “Fund II positions Kinterra to scale our investment strategy at a moment when the opportunity is both compelling for investors and increasingly strategic for governments.” 

In the fourth quarter of 2025, Toronto-based Kinterra completed Fund II’s first acquisition, expanding its U.S. copper platform through the purchase of the Antler Copper Project in Arizona. With the transaction, the firm now controls approximately 14 billion pounds of copper resources across the United States. 

Consistent with its inaugural fund launched in November 2023, Fund II will continue Kinterra’s strategy of acquiring and de-risking strategically positioned, high-quality critical materials assets and related infrastructure in Tier-1 jurisdictions. 

Latham & Watkins LLP served as fund formation counsel and Metric Point Capital served as placement advisor.