Weekly Wrap, July 12th, 2021; Vantage’s new fund nears 60% of final target at first close, RMB Corvest and Imbani back ITAS, Tiger Global leads FairMoney’s Series B, and more…

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Last week in brief…July 12th, 2021

Vantage Capital led the private capital market news in Africa last week. The South African mezzanine investment specialist has held the first close for their fourth fund, garnering commitments from a mix of DFIs and private sector investment companies. So far, the fund has raised $207 million, some 60% of its final close goal of $350 million. Africa Capital Digest has learned that that’s expected to take place within the next 6 months. The fund has a hard cap of $400 million, but either way, it will be the largest mezzanine fund Vantage has raised to date.

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