Alteria Capital announces first close of venture debt fund at Rs 1325 Cr
Alteria Capital II has been heavily oversubscribed, exceeding the fund target of Rs. 1000 crore within four months of launch.
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The venture debt fund, Alteria Capital, has announced the close of its second fund. The fund stated that Alteria Capital II has been heavily oversubscribed, and has exceeded the target fund of Rs 1000 crore within four months of its launch.
The fund now has an AUM of Rs. 2300 Cr across two venture debt funds and is the largest venture debt provider in India currently. The fund received SEBI approvals in 2020 for its second venture debt fund with a target corpus of Rs. 1000 crore and a greenshoe of Rs. 750 crore.