Africa-focused private investment fund manager Tamela Capital Partners has reached a ZAR420 million (approximately USD27 million) first close for Tamela Mezzanine Debt Fund 1. The fund seeks to finance mid-market companies with ticket sizes between ZAR50 million (USD3 million) and ZAR150 million (USD10 million). Tamela will primarily invest in South Africa but can also invest in Botswana and other countries in the Common Monetary Area.