Seabury Capital Management announced a major milestone for its MBV Investments LP fund, securing $3.0 billion in initial commitments toward a $10 billion target. The anchor investment comes from the Al Mazroui Group, which committed $2.5 billion, alongside a $500 million gemstone-backed contribution from Senglea Capital, the fund’s Special Limited Partner.
The fund is designed to transform the traditionally fragmented and opaque gemstone market into a structured, institutional-grade asset class. Historically dominated by private dealers and family-held inventories, the gemstone market has lacked standardized valuation, transparency, and governance—barriers that have limited participation from institutional investors.
MBV aims to address these gaps by introducing institutional infrastructure such as third-party custody, verified provenance, certification, and portfolio-level reporting. The strategy is to make gemstones more accessible, transparent, and investable for professional investors across private banking, family offices, and institutional channels.
The fund will invest in a diversified portfolio of precious and select semi-precious gemstones, focusing on colored stones like rubies, sapphires, emeralds, and alexandrite. It will also pursue value creation through cutting and polishing programs that enhance the value of raw gemstones.
In addition, MBV plans to develop an institutional-grade gemstone index to improve pricing transparency, benchmarking, and performance tracking—further supporting the evolution of gemstones into a recognized asset class.
KEY QUOTE:
“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 (SCG)
