LP commits $21m to Vantage mezzanine fund

German development finance institution DEG is committing $21 million equity capital into Vantage Mezzanine IV Feeder Partnership. Vantage Capital has raised and deployed three mezzanine investment funds across Africa.

Vantage’s key focus is on mid-cap owner-managed companies in their growth phase which are constrained by access to capital. This is especially prevalent in markets where local banks are focusing on larger more established companies. The inherent capital supply gap and opportunity for mezzanine funding is further exacerbated in the Covid-19 environment. The funds will be used to fund a sector agnostic pipeline across the African continent.

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