Vantage Capital provides US$23-million mezz debt to PickAlbatros

Vantage Capital has provided US$23-million mezzanine debt to PickAlbatros, a hotel holding company that manages 15 hotels in Egypt and 2 hotels in Morocco. The portfolio of hotels mainly consists of a 4-star rating with beachfront access. The funding will used to manage working capital for operations and renovations.

Vantage Capital is well-positioned as Africa’s leading mezzanine (“Mezz”) financier, capitalising on its strong position in the South African mezzanine market and has built a strong portfolio of income generating mezzanine assets in South Africa and in the rest of Africa. Vantage Capital raised US$150-million in Mezz Fund 1, US$240-million in Mezz Fund 2 and US$280-million in Mezz Fund 3.

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