Independent South African-based fund manager, Tamela Capital Partners, a subsidiary of Tamela Holdings, has during the last year raised more capital to increase its capital committed to the Tamela Capital Mezzanine Debt Fund 1 to R620 million (about $44 million).

The Tamela Fund recently concluded its first investment providing mezzanine capital for growth to Retail Capital, a company that provides small business with innovative working capital solutions.

The Tamela Fund aims to...