# Pandion Mine Finance

Pandion Mine Finance is a Private Equity based in Houston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Houston, United States
- **Region:** North America
- **Address:** Houston, TX, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.pandionmetals.com
- **LinkedIn:** linkedin.com/company/pandion-mine-finance-fund-lp

## Regulatory record

- **Reports private funds:** No

## About

Pandion Mine Finance is a mining-focused investment firm backed by MKS PAMP Group and Ospraie Management. It offers financing solutions to developing mining companies. The firm's financing is tailored to meet the needs of its clients.

## Sectors

- Natural Resources
- Mining

## People

- Evan H. Smith — Chief Executive Officer & Chief Investment Officer
- James W. Litinsky — Chairman
- Michael G. MacEwen — Chief Operating Officer

## Questions

### Who runs investment decisions at Pandion Mine Finance?

Evan Smith, Pandion's CEO and CIO, leads sourcing and execution from the Houston office. Smith previously directed energy and mining investments at Mount Kellett Capital. Chairman James Litinsky, who founded JHL Capital Group, is closely involved in portfolio construction and risk management for the firm's structured mining exposure.

### Does Pandion make equity investments or only debt and royalties?

Pandion's primary instruments are senior secured loans, convertible debentures, metal streaming agreements, and royalties. While convertible structures introduce an equity-linked component, the firm underwrites to asset coverage rather than equity upside, making it fundamentally a secured-lending operation.

### What investment stages does Pandion Mine Finance target?

The firm concentrates on development-stage and producing assets that have completed feasibility studies and hold defined mineral reserves. It avoids early exploration, where geological risk is highest, and instead provides capital for mine construction, working-capital shortfalls, and distressed-balance-sheet rescues.

### How is Pandion related to JHL Capital Group?

Pandion Chairman James Litinsky is the founder and CEO of JHL Capital Group, a Chicago-based multi-strategy asset manager. Pandion operates as a dedicated mining-finance vehicle under JHL's umbrella, which provides anchor capital, operational infrastructure, and the ability to hold positions through commodity cycles without third-party redemption pressure.

### Which jurisdictions does Pandion Mine Finance operate in?

The firm's disclosed transactions concentrate in the United States, Mexico, and other Latin American mining jurisdictions. It favors regions with well-established mining law and enforcement of secured-creditor rights, which aligns with its asset-level collateral model for development and production-stage mines.

## Related profiles

- [Pandect Bioventures](https://altss.com/profile/pandect-bioventures)
- [Pandowealth](https://altss.com/profile/pandowealth)

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Last updated: 2026-06-03T20:00:00.000Z

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