The fund, to be managed by Tribeca Global Resources co-portfolio managers Ben Cleary and Craig Evans, was seeking to raise as much as $250 million.
IPO shares were offered at $2.50 each, and closed the first day of trading at $2.52.
Tribeca said the market structure for investing in natural resources remained supportive.
"For the large part, we continue to see various signposts along the road that the sector remains under-researched and under-invested," the company said.
"We believe this has created a cocktail of low liquidity, high volatility and wide spreads which favours our investment strategy."
The fund has identified key themes on which to build exposures.
One of those areas is spot uranium and producers.
"At the moment, o...