Institutional capital for mining private equity
At Garrison Capital, we deliver for lenders by deploying debt into mining assets across the critical metals, bulk materials, and energy resources that anchor the economy.
INSTITUTIONAL ALLOCATION
FOR
CRITICAL MINERALS.
Garrison Capital deploys debt capital into cash-generating opencast mines and quarries through disciplined acquisition strategies and vertically integrated operations.
We acquire controlling stakes in established operations with predictable cash flows, proven reserves, and contracted off-take—then integrate them into a platform that delivers operational efficiency at scale.
Scale & Opportunity
$5+ Billion
Portfolio Enterprise Value
15+ Years
Minimum reserve life for all acquisitions
60-70%
Revenue under blue-chip off-take agreements
>1.95x
Maintained debt service coverage ratio
Our Approach
Clear, simple, linear cash flows reduce forecasting error and enable confident leverage. Our targets demonstrate predictable production economics and contracted revenue streams that support institutional debt structures.
Opencast operations deliver 40-60% lower operating costs than underground alternatives, with superior safety profiles and simplified execution. These advantages translate directly to debt capacity and return predictability
Vertically integrated logistics, petroleum distribution, and mining services create 12-18% operational synergies that competitors cannot replicate. Each acquisition immediately accesses platform-level capabilities
Disciplined deployment, resilient returns.
Disciplined deployment, resilient returns.
Garrison Capital's debt-first capital structure eliminates equity dilution while providing clear return metrics and aligned incentives. We prioritize return of capital over return on capital—generating consistent debt service coverage that enables portfolio scaling while maintaining lender confidence.
Our financial framework—DSCR >1.6x, D/E <1.0x, cash conversion >1.5x—creates substantial margin of safety. Conservative leverage combined with operational excellence delivers risk-adjusted returns that meet institutional requirements across market cycles.
South Africa's Infrastructure Imperative
The South African government has committed R943.8 billion to infrastructure investment over three years—including R402 billion for roads, R219.2 billion for energy, and R156.3 billion for water and sanitation.
Each R1 billion of infrastructure investment consumes 500,000-700,000 tons of aggregates. At R333 billion annually, public infrastructure alone creates 200 million tons of sustained demand—a 40-50% increase over baseline consumption.
South Africa's position as sub-Saharan Africa's most developed construction materials market extends opportunity across regional infrastructure programs in Botswana, Mozambique, Zimbabwe, and Namibia.
Institutional Capital
Meets Operational Expertise
We deliver debt-serviceable cash flows through disciplined acquisition strategies, operational integration, and conservative financial structures.