Mezzanine Debt SA Fund

About The Fund

  • Investment size of between R50m to R225m and tenor 4 – 7 years.
  • Regular cash distributions in the form of interest payments, and self liquidating equity upside on maturity providing a definitive exit.
  • Contractual returns with equity upside and enforceable downside protection which includes security package, financial covenants and equity cushion.
  • Comprehensive due diligence, security package, financial covenants, active monitoring and governance through board observers ensuring downside protection.
  • Exits achieved mainly through senior debt refinancing after EBITDA growth and de-gearing of investee company.