Most importantly, Vantage Risk Capital is able to invest significant capital in individual transactions being backed by leading South African pension fund and asset managers as well as highly-reputed foreign development finance institutions.
These investors and Vantage Capital Group collectively provided Mezzanine Fund I with total capital commitments of R1,003 million ($125 million), allowing Vantage Risk Capital to build a diverse portfolio of mezzanine assets across a variety of sectors (chemicals, forestry, catering, media and steel recycling).
In March 2012, Vantage Risk Capital closed Mezzanine Fund II, which has a pan-African investment focus (with a 35% allocation to opportunities outside South Africa) and can make investments up to R300 million ($38 million) in a single transaction. R1.9 billion ($230 million) of commitments were secured from fourteen pension funds, three charitable endowments, two development finance institutions and a family office.
Vantage is well-positioned as Africa’s leading mezzanine financier to capitalise on its strong position in the South African mezzanine market, to build a portfolio of income generating mezzanine assets in South Africa and in the rest of Africa.