# The Electrum Group The Electrum Group is a Private Equity based in New York, United States. ## Overview - **Organization type:** Private Equity - **Headquarters:** New York, United States - **Region:** North America - **Address:** New York, NY, United States - **Founded:** 2012 - **Assets under management:** $2B - $5B (Altss estimate) - **Website:** www.electrum-group.com - **LinkedIn:** https://www.linkedin.com/company/the-electrum-group-llc ## Regulatory record - **CRD number:** 161407 - **SEC file number:** 801-77395 - **Registration status:** Registered - **Reports private funds:** Yes - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/161407 ## About The Electrum Group LLC is a New York-based registered investment adviser founded and led by Thomas S. Kaplan. Electrum makes strategic investments principally in high-quality precious metals assets and opportunities, as well as in certain base metals, including copper, nickel and zinc. It has an experienced team of operating, technical, and transactional professionals investing in the metals and mining sector. ## Sectors - Natural Resources - Precious Metals - Energy Transition & Renewables - Real Assets ## People - Thomas Kaplan — Chairman and Chief Investment Officer ## Questions ### Who makes investment decisions at The Electrum Group? Thomas Kaplan, the firm's Chairman and Chief Investment Officer, drives all material investment decisions. Kaplan built his reputation and capital through founding Apex Silver Mines and Leor Energy, and he applies a deeply personal geological conviction framework to the portfolio. The investment team supports him with technical diligence, but Kaplan's macro thesis on precious metals supply scarcity is the North Star. ### How is Electrum's capital structured — is it a fund or a permanent holding company? Electrum operates as a permanent-capital vehicle funded principally by Thomas Kaplan's own wealth, with no external redemption pressure, fund-life constraints, or limited-partner withdrawal rights. This structure contrasts with most institutional mining equity funds, which run on 7-to-10-year fund cycles. The permanent posture lets the firm remain patient through the long development timelines that large-scale mining projects require. ### Which resource types does Electrum Group focus on? The firm concentrates overwhelmingly on precious metals — gold, silver, and platinum-group metals — though it also has exposure to strategic minerals that align with Kaplan's energy and resource scarcity thesis. The core geographic focus is the Americas, with significant exposure to Alaska, Nevada, British Columbia, and the Andean gold belt. ### What is Electrum's relationship with NovaGold Resources? The Electrum Group, ultimately controlled by Thomas Kaplan, has maintained a substantial, long-standing equity position in NovaGold Resources. Kaplan has been a director of NovaGold and is the most prominent patient-capital backer of the Donlin Gold project in Alaska, one of the largest undeveloped gold deposits globally. The position exemplifies Electrum's strategy of concentrating capital behind a small number of high-conviction resource assets. ### Does The Electrum Group invest alongside external co-investors or GPs? Electrum has historically invested directly and with select, long-term partners like Sun Valley Gold, a precious-metals investment firm run by Peter Palmedo, a longtime Kaplan collaborator. The firm does not operate an open co-investment program for external limited partners, but Kaplan's network in the resource-finance world occasionally surfaces aligned capital alongside his own. ### Where does Thomas Kaplan's wealth originate? Kaplan's wealth traces to two natural-resource ventures. Apex Silver Mines developed the San Cristóbal silver-zinc-lead deposit in Bolivia into one of the world's largest silver mines. Leor Energy, an exploration company he founded, discovered the Deep Bossier shale-gas formation in East Texas, and the subsequent sale of those assets generated significant liquidity. Both fortunes predate and fund The Electrum Group's current precious-metals concentration. ## Related profiles - [The Education Fund](https://altss.com/profile/the-education-fund) - [The Eleven Fund](https://altss.com/profile/the-eleven-fund) --- Last updated: 2026-08-11T15:08:18.003Z Canonical page: https://altss.com/profile/the-electrum-group Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology