DEG backs African Mezzanine Investor Vantage Capital

02 Feb 2022

DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”), Germany’s development finance institution, has announced a USD 21m commitment to Vantage Capital’s fourth mezzanine fund. The investment solidifies the long-standing partnership between DEG and Vantage Capital dating back to DEG’s anchor investment into the manager’s inaugural dedicated mezzanine fund. Since then, Vantage Capital has grown into one of the largest and most experienced Pan-African mezzanine fund managers.

The funding will support the growth aspirations of mid-sized African businesses with flexible mezzanine financing solutions. This is especially prevalent in addressing the inherent credit supply gap in Africa where medium-sized enterprises often face challenges in accessing traditional sources of capital.

Rainer Steinhagen, Investment Manager at DEG added: “We are delighted to build on the existing strong partnership with Vantage Capital to support underserved businesses in Africa. Vantage Capital’s tailored mezzanine structures are an attractive funding solution for local African businesses to realise their full potential, whilst also ensuring equity ownership remains with local business owners. The investments will in turn drive local economic growth and job creation on the continent.”

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