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SIFEM supports the tackling of the credit gap for businesses in Africa – and invests in a pan-African fund

 | Portfolio

The Swiss Investment Fund for Emerging Markets (SIFEM) has made a commitment to Vantage Mezzanine Fund IV, a Pan-African mezzanine fund which was set up to provide tailored financing solutions to companies via its mezzanine instrument, a product combining characteristics of both debt and equity.

SIFEM supports the tackling of the credit gap for businesses in Africa – and invests in a pan-African fund

The Swiss Investment Fund for Emerging Markets (SIFEM) has made a commitment to Vantage Mezzanine Fund IV, a Pan-African mezzanine fund which was set up to provide tailored financing solutions to companies via its mezzanine instrument, a product combining characteristics of both debt and equity.

The Fund will have potential exposure to healthcare, manufacturing, and telecommunications. SIFEM committed ZAR 70 million to be invested in Southern Africa and USD 10.5 million to be invested in the rest of Africa. The Fund is targeting USD 350 million in overall commitments.

This investment shall help tackle the chronic credit gap which afflicts businesses in Africa. The continent has by far the lowest levels of domestic credit extended to the private sector by banks and the credit gap for businesses in Sub-Saharan Africa is currently estimated between USD 70 to 90 billion per annum.

Vantage Capital is a repeat SIFEM partner as SIFEM committed in the past to Vantage Mezzanine Fund I and Vantage Mezzanine Fund III. Of note, Vantage Capital committed for the first time to develop a climate policy based on the framework provided by the Task Force on Climate-related Financial Disclosures (TCFD).

Contact: Simon Denoth, SIFEM Head of Public Affairs, sdenoth@obviam.ch, +41 31 310 09 38

SIFEM Portfolio

Vantage Capital

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