Currently raising capital for its third mezzanine fund, Vantage Capital announced last week that it has received commitments of approximately $60 million from a number of European financial institutions. DEG, the German DFI is providing $20 million, with the balance being committed by a major Swiss bank, a German family office and a European Research foundation.
Having made twelve investments, Vantage’s second mezzanine fund is now almost fully invested. Vantage is targeting a final close of approximately $250 million for its third mezzanine fund later in 2015.
Currently, Vantage Capital manages $400 million in total through a mix of venture capital, mezzanine debt and renewable energy debt funds, as well as providing advisory and origination services and making proprietary investments using its balance sheet capital.