Vantage Capital announces final close of its fourth mezzanine fund

Vantage Capital, Africa’s largest mezzanine fund manager, announced the final close of its fourth mezzanine fund. A total of $377 million of commitments has been secured from a mix of European and US-based commercial investors, as well as a host of development finance institutions (DFIs) that include IFC, BII, SIFEM, DEG, Norfund, Swedfund, Finnfund and EIB.

Since 2006, Vantage Capital’s mezzanine division has made 33 investments across four funds into 11 African countries, making it the largest and most experienced independent mezzanine funder on the continent. Its inaugural mezzanine fund was raised in 2006, with $150 million invested into five South African companies. In 2012, its second mezzanine fund of $240 million was raised, investing into a portfolio of 13 companies across Africa. This was followed by its third mezzanine fund of $287 million raised in 2015, with a further 13 investments spread across the continent.