Tembo Capital
Tembo Capital is a London-based private equity firm founded in 2014 that makes strategic investments in junior and mid-tier mining companies focused on clean energy transition metals, deploying capital across equity, debt, and royalty structures to advance assets through development and production.
- Company typePrivate
- Founded2014
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Tembo Capital does
Tembo Capital is a London-based private equity group founded in 2014 that specializes in making strategic investments in junior and mid-tier mining companies and assets, with a thematic focus on metals relevant to the clean energy transition. The firm deploys capital across a broad set of structures — equity, convertible debt, bridging debt, quasi-equity instruments, direct project interests, and royalties — to advance high-quality mining assets through evaluation, development, and production phases, and works with portfolio companies on a long-term partnership basis.
The firm's operating model is built around a specialist investment team whose members combine technical mining backgrounds (geology, engineering, metallurgy) with deep mining finance and private equity experience, sourced from institutions including NM Rothschild, UBS, Canaccord Genuity, Endeavour Financial, JP Morgan, and Bank of America/Credit Suisse. This talent base, together with an industry-wide network of relationships, is positioned to provide portfolio companies with technical input, strategic guidance, financial structuring, and industry introductions in addition to capital. The firm has been a signatory to the UN Principles for Responsible Investment since 2016 and maintains a formal ESG framework aligned with that commitment.
From a revenue mechanics perspective, Tembo Capital operates as a closed-end private equity fund manager; it does not disclose AUM, fund size, management fee rates, or performance figures publicly, and investments are negotiated on a deal-by-deal basis with portfolio companies. The firm is registered in the UK as Tembo Capital Management Ltd (Company Number 10038341), headquartered at 180 Piccadilly, London, with an Australian presence led by co-founder John Hodder. Headcount is reported in the 11–50 range, and the team has expanded continuously since inception, including four new hires across 2024 and 2025.
Tembo Capital firmographics
Firmographics- Name
- Tembo Capital
- Legal name
- Tembo Capital Management Ltd
- Website
- https://tembocapital.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tembo Capital is a London-based private equity firm founded in 2014 that makes strategic investments in junior and mid-tier mining companies focused on clean energy transition metals, deploying capital across equity, debt, and royalty structures to advance assets through development and production.
- Ownership category
- akta.pro rank
Tembo Capital industry classification
Industry- Product category
- Mining Private Equity
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399)
- SIC
- Mineral Royalty Traders (6795)
- akta.pro primary industry
- Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)
Keywords
Where Tembo Capital is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Tembo Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Others
Tembo Capital product offering
Product offeringCore offering
Tembo Capital is a private equity fund group that makes strategic investments in junior and mid-tier mining companies and assets, with a focus on the clean energy transition. It deploys capital across the capital structure — equity, convertible debt, bridging debt, quasi-equity instruments, direct project interests, and royalties — to advance mining assets from evaluation through development and production. Beyond capital, it provides portfolio companies with technical input, strategic guidance, financial solutions, and industry introductions.
Differentiator
Problem solved
Functional benefit
Products and services
- Strategic Equity Investments in Mining Companies
Companies that use Tembo Capital
Customer profileSegments1 record
Ideal customer profiles1 record
Tembo Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tembo Capital partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights4 records
Tembo Capital competitors and assessment
Company assessmentDirect peers
- EMR Capital: Mining-focused private equity firm with deep Asia-Pacific coverage and exposure to battery metals. Comparable in junior/mid-tier focus and clean-energy-metals orientation, with overlapping Australian operations.
- Pacific Road Capital Management: Mining-focused PE firm providing development and production capital to mid-tier miners globally. Comparable in equity and structured capital deployment to junior and mid-tier assets.
- Waterton Global Resource Management: Private equity firm focused exclusively on mining with a focus on North American assets. Comparable in mining-only mandate and development-stage orientation, though with a different geographic tilt.
- Appian Capital Advisory: London-based mining and metals-focused private equity advisor investing in development and producing assets globally. Highly comparable in geography (UK), strategy (junior/mid-tier, multi-instrument), and clean-energy-metals orientation.
- Resource Capital Funds: One of the largest mining-focused private equity firms globally, providing development and production capital across the mining lifecycle. Directly comparable to Tembo in mandate (junior/mid-tier miners, multi-commodity, equity and structured capital) and target LP base.
- Orion Resource Partners: Mining-focused private equity and credit firm (formerly RK Mine Finance) providing equity, debt, and royalty capital to miners and metals developers. Highly comparable in instrument flexibility and sector focus.
- Greenstone Resources: Mining-focused PE firm with concentrated exposure to battery materials (cobalt, lithium, nickel). Closely comparable in the clean-energy-metals thematic overlap with Tembo's stated focus.
- Pala Investments: Swiss-based mining-focused private equity firm investing across the capital structure in junior and mid-tier miners. Directly comparable in flexible capital approach and mining-sector specialization.
- GenCap Mining Advisory: Mining-focused private equity manager investing across the capital structure in junior and mid-tier miners. Comparable in instrument flexibility and development-stage focus.
Broad incumbents
- Sprott Resource Holdings: Part of the Sprott group with diversified exposure to mining, energy, and resource lending. Broader and more diversified than Tembo, but overlapping in mining-focused PE/credit activity and metals-sector mandates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Tembo Capital social profiles
Digital presenceTembo Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tembo Capital leadership team
Management profileNumber of profiles
Profiles15 records
Tembo Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tembo Capital M&A and investment
M&A and investmentM&A
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tembo Capital
What does Tembo Capital do?
Tembo Capital is a private equity fund group that makes strategic investments in junior and mid-tier mining companies and assets, with a focus on the clean energy transition. It deploys capital across the capital structure — equity, convertible debt, bridging debt, quasi-equity instruments, direct project interests, and royalties — to advance mining assets from evaluation through development and production. Beyond capital, it provides portfolio companies with technical input, strategic guidance, financial solutions, and industry introductions.
Is Tembo Capital a public or private company?
Tembo Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tembo Capital founded?
Tembo Capital was founded in 2014. It employs 11 to 50 people.
Where is Tembo Capital based?
Tembo Capital is headquartered in London, United Kingdom, in the Europe region.
Who are Tembo Capital's main competitors?
Direct peers on record are EMR Capital, Pacific Road Capital Management, Waterton Global Resource Management, Appian Capital Advisory, Resource Capital Funds, Orion Resource Partners, Greenstone Resources, Pala Investments and GenCap Mining Advisory. Sprott Resource Holdings is listed as a broad incumbent.
Does Tembo Capital have an API?
No public API is recorded for Tembo Capital.
What industry is Tembo Capital in?
Tembo Capital's product category is Mining Private Equity. Its primary akta.pro industry code is FSANAHAN, Corporate Strategic Real Assets & Infrastructure Venture Investing. Its NAICS code is 525 and its SIC code is 6795.