Vantage Mezzanine Fund IV
Introduction
Vantage Mezzanine Fund IV provides growth capital to medium-sized, high-growth companies in Africa. Investments are made in several sectors, but priority is given to sectors that contribute to positive social development, such as companies in information and communication technology, healthcare and infrastructure.
Swedfund's investment contributes to increasing access to finance through loans to medium-sized companies that have limited possibilities to obtain financing from banks or other financial institutions.
Co-investors include IFC, EIB, BII, Norfund, DEG and Finnfund.
Read more in our press release: Swedfund invests in private credit funds to support African mid-sized companies in enhancing job creation and catalyzing local economic growth
Facts
SDGs in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Climate Action
Take urgent action to combat climate change and its impacts.
Sector
Financial Inclusion
Financial Inclusion invests in, amongst others, regulated banks and microfinance institutions to reach out more broadly and effectively.
Value creation
Our Impact
Our investment contributes to local economic growth and job creation, as well as increased access to essential goods and services. The investment increases women's economic empowerment by creating jobs for women and by prioritising companies that promote gender equality.
ESG
We are working closely with the fund manager to further develop their environmental and social management system to address human rights issues and develop a climate strategy.
Additionality
Our investment is financially additional as we invest in challenging contexts with high rates of poverty and a challenging business environment with limited access to capital in which investments are high-risk. The investment is value additional through a focus on sustainable value creation, good customer protection practices, and by prioritising the environment, sustainability and corporate governance.