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Project Brief - Vantage Capital Fund II (VCFII)
The Vantage Capital Fund II (VCFII) is a second generation multi-sector mezzanine fund (debt with equity linked upside) targeting mid-market businesses. VCFII has a Pan-African mandate with up to 45% in SADC countries, 30% in North Africa and 25% in East and West Africa. VCF2 expects to generate 17,5% net IRR, with 70% coming from contractual returns on debt and the rest from equity upside.