Explora S.A.
We are a private equity group focussed on developing tier-1 mineral projects in Africa operating in over 20 countries.
- PE funds
- 3
- Investments held
- 0 of 3
1 additional team member
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days.
People to know
View all people- Founding PartnerWhy: Founder of the firmNo route on file yet
- Founding PartnerWhy: Founder of the firmNo route on file yet
- Founding PartnerWhy: Founder of the firmNo route on file yet
Capital path
who backs this record, through what, into what; each name opens its own pathRelationship network
10 connected entities
From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
Classification, Form ADV and stated criteria
Classification, Form ADV and stated criteria
How this organization is classified, and on what basisBuyout firm · 2 in historyShowHide
- Class
- Buyout firmprobable, confidence 80%
- Basis
- Own website statement
- Size band
- unsizeddefined by: no Private Equity Fund GAV on a filing from 2021 or later
Classification history (2)
- Sep 18, 2026Buyout firm (probable, 80%)Own website statement“African Minerals Exploration & Development Funds (AMED Funds) is a private equity group that was founded by David Twist, Rudolph de Bruin and Carlo Baravalle in 2012”amedfunds.com
- Sep 13, 2026Buyout firm (probable, 65%)3 of 3 distinct vehicles are sworn Private Equity Funds
Regulatory footprint (Form ADV)3 PE funds · filed Mar 18, 2026ShowHide
- Adviser type
- Exempt reporting adviser
- Form ADV filings
- Dec 17, 2013 to Mar 18, 2026
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 3
- PE fund GAV, latest filing
- unknownreported gross assets (Form ADV), not fund size
- All private fund GAV
- $0every private fund type, latest filing
- 2024 PE fund GAV
- $0sum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- Private equity fund: 3 funds
- Employees
- unknown
- Headquarters
- Luxembourg, Luxembourg
Stated criteria beside observed behaviourno criteria stated · 3 observed dealsShowHide
- Sectors
- not stated or not yet read
- Geography
- not stated or not yet read
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- not stated or not yet read
- On record
- 3 companies, 3 holdings
- Deal roles
- 3 with role not stated
- Control
- 3 not stated
3 companies on the graph (0 transactions); no dated observations
Funds
How vehicles are groupedFeeders, parallels, executive funds, alternative investment vehicles and lettered sleeves are folded under the fund they belong to, read from the vehicle names. Deal-by-deal co-investment vehicles are pooled. Current funds come first: families are ordered by vintage, newest first, among those holding at least a twentieth of the largest family’s assets, then by size. The figure is the sum of each vehicle’s latest reported gross assets on Form ADV, not a fund size.African Minerals Exploration & Development Fund III Sicar · 1 vehicle · vintage 2016$0
- African Minerals Exploration & Development Fund III Sicar buyout or unlabelled · 2016$0
African Minerals Exploration & Development Fund Sicar · 1 vehicle · vintage 2015$0
- African Minerals Exploration & Development Fund Sicar buyout or unlabelled · 2015$0
African Minerals Exploration & Development Fund II Sicar · 1 vehicle · vintage 2013$0
- African Minerals Exploration & Development Fund II Sicar buyout or unlabelled · 2013$0
Decision makers
- Carlo Baravalle · Founding PartnerWhy this person: Founder of the firm; Named with investment responsibility
- Christiaan Rudolph de Wet de Bruin · Founding PartnerWhy this person: Founder of the firm; Named with investment responsibility
- David Twist · Founding PartnerWhy this person: Founder of the firm; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Team
Where the team comes fromEach row names its source in short; hover the source for its full description. Sources on this list: SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites). A person named by two sources under two spellings is shown once, with both sources.- Founding Partner · since Dec 1, 2013
- Founding Partner · since Dec 1, 2013
- Founding Partner · since Dec 1, 2013
Deals
How deals are mergedOne row per deal. A portfolio relationship and a transaction that describe the same deal (the same transaction, or the same company on the same date) are printed once, with the columns of both. 3 portfolio relationships and 0 transactions are on this record.| Date | Company | Deal | This firm’s role | Status | Partner | Source |
|---|---|---|---|---|---|---|
| date unknown | Portfolio relationship | Role unknown | unknown | unknown | Fact Firm website | |
| date unknown | Portfolio relationship | Role unknown | unknown | unknown | Fact Firm website | |
| date unknown | GoGetSSL | Portfolio relationship | Role unknown | unknown | unknown | Fact Firm website |
Placement agents, lenders, advisers and co-investors
LP commitments
How LPs are totalledOne line per LP, largest disclosed total first. A commitment that the same LP reports again in a later document is counted once in its total; both documents stay in the full list. Rows repeated line for line from one document are shown once.Events
- Dec 17, 2013Explora S.A. first filed Form ADV in the extract (ERA)
Record history
- Adviser first ADV filing2013-12-17source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: regulatory AUM, PE fund assets, deals, last 12 months.