Mezzanine-focused private equity fund manager Vantage Capital Group has launched a renewable energy debt fund, The Vantage GreenX Fund, with ZAR2.2 billion (approximately US$215 million) in capital commitments. Investors include a number of South African pension funds. The Vantage GreenX Fund will invest in the senior debt of projects that were awarded as part of the South African Renewable Energy Independent Power Producer Procurement Program (REIPPP). The fund has launched with seven project investments in its portfolio, comprising both solar and wind projects across South Africa.