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Tamela Mezzanine Debt Fund I reaches First Close at R420 million
Independent fund manager, Tamela Capital Partners (“Tamela”), a subsidiary of Tamela Holdings, is pleased to announce that the Tamela Mezzanine Debt Fund 1 (“Tamela Mezz Fund”) has reached First Close at R420 million.
The key principals of the Tamela Mezz Fund are Messrs Vusi Mahlangu, Moeketsi Mokuoane and Sydney Mhlarhi. Tamela Holdings, a black-owned and managed investment, corporate finance advisory and fund management company, was founded by Mahlangu and Mhlarhi in 2008.
The Tamela Mezz Fund aims to finance mid-market companies who wish to grow their businesses, enter new markets and accelerate growth through expanding operations or consummating strategic acquisitions. The Fund expects to provide capital ranging from R50 million to R150 million per investee company.