Potential LP for Vantage Capital’s fourth mezzanine fund

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South Africa-based Vantage Capital looks likely to add a development finance institution to the roster of LPs for its latest mezzanine fund. Vantage Mezzanine Fund  IV, which is aiming to raise a total of $350 million by the time it holds its final close, could have a commitment of $25 million confirmed once International Finance Corporation‘s board has met to review and approve the potential investment at the end of this month.

The fund’s strategy is to back rapidly growing, mid-market companies on the continent with mezzanine capital, many of which have been badly impacted by the COVID-19 pandemic. The types of investments cover a wide range of financing goals, from business expansion deals to help firms invest in new projects or acquire other assets to supporting share acquisitions or providing replacement capital to refinancing a company’s existing debt commitments.


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