MBV Investments LP, a Jersey Expert Fund regulated by the Jersey Financial Services Commission, announced that it has secured $3 billion in initial limited partner commitments, led by a $2.5 billion capital commitment from the Al Mazroui Group as its anchor investor.
The remaining $500 million comes from a colored-gemstone-backed certificate contribution by Senglea Capital Management SICAV plc, which is serving as the Fund’s Special Limited Partner. The commitments represent an important milestone toward MBV’s target of raising $10 billion to invest in precious-colored gemstones.
The fund is designed to transform the traditionally fragmented and dealer-driven gemstone market into an institutional investment asset class by providing professional investors with greater transparency, governance, custody, and standardized investment structures.
As Investment Manager and Lead Placement Agent, Seabury Capital Group plans to expand fundraising efforts among qualified professional investors, family offices, private banks, and institutional investors. DABF Ltd. is serving as an introducing firm for investments in the fund.
MBV will focus on building a diversified portfolio of precious and selected semi-precious gemstones, including rubies, sapphires, emeralds, alexandrite, aquamarine, and other high-value stones. The strategy also includes investments in cutting and polishing programs designed to increase the value of rough gemstones through beneficiation.
The fund’s investment framework incorporates third-party vaulted custody, independent asset verification, certification, provenance documentation, appraisals, and title verification to provide institutional-grade oversight.
In addition to the fund, the partners also intend to develop what they describe as the first institutional-grade precious gemstone index, designed to improve pricing transparency, benchmarking, and performance measurement across the gemstone market.
Launched on June 30, 2026, MBV currently has $3 billion in LP commitments and continues to pursue its long-term fundraising target of $10 billion.
KEY QUOTES:
“As Investment Manager and Lead Placement Agent to MBV, we look forward to building on this milestone by bringing the Fund to a broader base of qualified and professional investors, and to helping establish gemstones as a credible, institutionally governed asset class.”
John Edward Luth, Chairman, President & CEO of Seabury Capital Group LLC
