Vantage’s Mezzanine Fund III Invests 200m Rand in New GX Capital

July 11, 2016


Vantage Capital provices expansion capital facility to New GX Capital, which plans to expand interests in telecommunications, energy, waste management, information technology in South Africa, Vantage says in e-mailed statement.

* New GX is 100% black-owned, family-owned;
* This is Fund III’s 5th investment; fund targeting final close of 4b rand, 40% South Africa allocation;
* NOTE: Vantage is Africa’s largest mezzanine fund manager. Source: Bloomberg