Mercuria has teamed up with a Singapore-based asset manager as default-hit banks tighten access to finance and leave commodity firms seeking other funding.
The tie-up with Envysion Wealth Management will see them co-invest in unspecified mining and energy projects, reported Reuters.
The arrangement will see Mercuria present potential projects for investment to Envysion, which will then decide whether to participate via a fund with a start-up amount of $100m to $200m.
