Vantage Capital, a South African black-owned and managed private equity fund manager, announced the first close for its fourth mezzanine fund - Vantage Mezzanine Fund IV. The fund which aims to raise $350 million at the final close, has now raised $207 million to provide mid-sized African businesses with capital that will enhance job creation, facilitate economic opportunities and growth.
Commitments for the Vantage Mezzanine Fund IV's initial close came from a group of European and US-based commercial investors as well as development finance institutions including the International Finance Corporation, CDC Group, and SIFEM.
“Vantage Capital’s mezzanine offering plays an important role in supporting the growth of mid-sized businesses that would otherwise struggle to access capital through conventional banking channels,” said Luc Albinski, Executive Chairman of Vantage Capital. “Vantage’s non-dilutive funding enables business owners to retain control and hold on to their equity, while at the same time accessing the capital needed to realize their full potential. This, in turn, plays an important role in driving economic growth, job creation, and improved prosperity,” he added.
Vantage Capital commenced business in 2001 as a black-owned and managed private equity fund manager and has so far raised a total of $849.9 million across four funds with their latest being Vantage Mezzanine Fund III which announced a total of ZAR3.7 billion raised in 2016. The organization since then has made 24 investments with most of its investments active in the real estate, property development, financial service, property management, and manufacturing sectors.
Solange Che
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the...
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader...
• IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...