VMF is the first independent specialized mezzanine fund in South Africa. It is a generalist multi-sector fund that invests ZAR 50.0 - 150.0 million in established mid-market companies with strong cash flows and enterprise value of ZAR 100.0 million - 1.0 billion. The fund targets expansion, MBO, MBI, BEE, replacement capital and re-leveraging or refinancing types of transactions. The fund has a lower risk profile compared to traditional private equity funds due to the lower exit risk and early cash flows of the mezzanine asset class.
VMF is managed by Vantage Risk Capital, a subsidiary of Vantage Capital Group. Based in Johannesburg, South Africa, Vantage Capital Group is an independent, majority black-owned and managed company that provides debt and equity capital to medium-sized South African businesses seeking to either expand operations or change ownership structure.