Vantage Capital, Africa’s largest mezzanine fund manager, announced today the successful first close on its fourth mezzanine fund. With $207 million of commitments from European and US-based commercial investors as well as development finance institutions (DFIs), including IFC, CDC Group and SIFEM, Vantage Mezzanine Fund IV is on track to reach its target total fund size of $350 million.

The fund will provide mid-sized African businesses with flexible capital that will enhance job cr...