EIB discloses proposed investment in Vantage fund

The European Investment Bank has disclosed a proposed equity investment of $50 million in the Vantage Mezzanine Fund IV, managed by Vantage Capital.

Vantage Mezzanine Fund IV is a generalist closed-end fund providing mezzanine finance to small and medium-sized enterprises (SMEs) and mid-market growth companies active in Africa and has a target size of $350 million.

The fund will seek to support companies with experienced management teams, stable market positioning and strong growth potential. The operation will support the development of the private sector by increasing access to finance, reducing unemployment and attracting private and institutional investors to the region.