Family Office for Oil Fortune Gets 200% Gain on Uranium Bet (1)

June 8, 2022, 2:22 PM UTC

Sean Benson spends much of his time tending to the investment firm for one of the world’s biggest fossil-fuel fortunes. In recent years, he’s also built a major bet on a source of carbon-free energy.

BNF Capital, the London-based family office that Benson helps run for the owners of European oil and gas firm Perenco, invested $30 million to seed a fund he set up targeting allocations to publicly traded companies focused on uranium, the fuel for nuclear reactors.

The Tees River Uranium Fund has since grown to about $220 million, mostly from inflows by family offices and wealthy ...

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