Apex Royalties

Our Team

Apex is led by a highly experienced team that founded Trident Royalties plc prior to its acquisition by Deterra Royalties for £144 million in 2024. Collectively the team has over 100 years’ multi-disciplinary experience in the metals & mining sector.

Peter Bacchus

Non-executive director and Co-Founder

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Biography

Peter has over 30 years experience as a leading global M&A adviser with deep experience in natural resources.

Peter is currently Chair and CEO of Bacchus Capital, an independent investment banking and ventures platform.  Previously he was the Global Head of Metals and Mining at Morgan Stanley and European Head of Investment Banking at Jefferies.

Alongside his role heading Bacchus Capital, Peter chairs various Bacchus Capital portfolio companies, including BG Gold and Green 14 Carbon Ventures, and was the founder of LSE listed Yellow Cake plc . Formerly a director of Gold Fields (chair of Strategy & M&A Committee), Kenmare Resources Plc, Galaxy Resources Limited, NordGold and Trident Royalties plc.

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Diversified Strategy

Apex’s diversified approach allows it to pursue superior returns by capitalising on cyclically mis-priced opportunities across commodity cycles

Diversification drives a cycle of enhanced returns

A diversified portfolio lowers volatility, leading to higher quality of earnings which unlocks a lower cost of capital, leading to higher NAVs and an ability to be more competitive in securing further acquisitions, creating greater diversification.

Commodity diversification

Apex will invest in all minerals (with the exception of thermal coal). We have a preference for mainstream and future facing commodities but can invest in niche commodities subject to appropriate returns.

Geographic diversification

Apex’s global mandate allows us to access opportunities across the world, however, typically we focus on established mining royalty jurisdictions with a preference for OECD countries.

Asset stage diversification

We will invest across the full spectrum of a mining asset’s life cycle.  Whilst we have a preference for production and near production assets, we invest in earlier stage opportunities where appropriate risk adjusted returns are available and where there is a pathway to a large scale asset.