Fund manager Vantage Capital announces the launch of its fourth mezzanine fund

SOUTH AFRICA – Vantage Capital, Africa’s largest mezzanine fund manager, has announced the successful first close on its fourth mezzanine fund with US$207 million of commitments from European and US-based commercial investors as well as development finance institutions (DFIs), including IFC, CDC Group and SIFEM. Vantage Mezzanine Fund IV is now on track to reach its target total fund size of US$350 million. The fund will provide mid-sized African businesses with flexible capital that will enhance job creation and facilitate much-needed economic opportunities and growth – especially necessary for post-Covid-19…

Read More

PickAlbatros Hotels secures US$23m from Vantage Capital for renovation plans

AFRICA – PickAlbatros Hotels, an international group based in Morocco, has secured US$23 million mezzanine debt funding from Vantage Capital, Africa’s largest mezzanine fund manager. The proceeds will be used to fund working capital and renovation work on several recently-acquired hotels. PickAlbatros is a leading hotel owner and operator in Egypt, with a portfolio of 15 operating hotels and close to 10,000 rooms across the Red Sea resort towns of Hurghada, Sharm El Sheikh, Sahl Hasheesh and Marsa Alam. It also operates two hotels in Morocco. The transaction represents Vantage…

Read More