Vantage Capital has reached financial close on the raise of a US$207-million Mezzanine (“Mezz”) Fund with participation from the Swiss Investment Fund for Emerging Markets, IFC, CDC Group, European and USA based investors. Vantage Capital aims to provide tailored financing solutions to companies via its mezzanine instrument, a product combining characteristics of both debt and equity. The Fund will have potential exposure to healthcare, manufacturing and telecommunications.
Vantage Capital is well-positioned as Africa’s leading Mezz financier, capitalising on its strong position in the South African mezzanine market and building a 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. Outside of South Africa, Vantage has invested in more than 12 transactions across Morocco, Côte d’Ivoire, Ghana, Nigeria, Uganda, Kenya, Mauritius, Namibia and Botswana. The new Fund will contribute to the United Nations Sustainable Development Goals (SDG 9 – industry, innovation, and infrastructure) by addressing financing gaps for companies, will contribute to corporate governance structures and processes of its investees (SDG 17 – Partnerships for the Goals) and will create and support decent work opportunities (SDG 8 – Decent Work and Economic Growth).