Appian Raises US$2.06 billion for Fund III, More Than Doubling AUM
October 9, 2023
Michael W. Scherb, Founder and CEO of Appian, commented: “We are thrilled to have closed Fund III, with very strong support from existing and new investors. Fund III provides exposure to key trends including inflation protection, the energy transition and the need for an independent and stable supply of critical minerals to support the shift away from oil and gas. As we continue to see increasing interest in metals and mining, Fund III will build on the successful track record of Funds I and II, deploying our unique operating model to bring mines into production and generate outsized returns for our investors.”
