Alteria Capital closes its Second Fund at INR 1,800 crore, India's Largest Venture Debt Fund
Alteria Capital has announced the full closing of its second fund, which raised Rs 1,800 crore and is India's largest venture debt fund to date. This follows the fund's initial closing of Rs 1,325 crore in April.
According to Vinod Murali, founder and managing partner of Alteria Capital, the second fund has a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore.
Murali stated that the fund is eager to support additional entrepreneurs through its debt solutions.
Alteria Capital now has Rs 2,500 crore in assets under management across two venture debt funds, making it India's largest venture debt provider.
Domestic institutions, large family offices, senior corporate executives, and venture capitalists/founders from the startup ecosystem make up the investor mix.
Around 300 limited partners (LPs, or investors in such funds) have contributed capital, according to Murali, with current fund-I investors contributing half of the total.
“This is probably the first time when successful startup founders who have seen liquidity events in the past have also participated in a venture debt fund, apart from domestic institutional investors, large family offices and venture capital funds,” says, Murali.
The fund, which is co-founded by Ajay Hattangdi and Murali, will invest in firms who have already received VC funding and offer them a variety of speciality lending options.
With cheque amounts ranging from Rs 150 to Rs 200 crore, the fund would target entrepreneurs in the early and development stages.
“We are looking at offering structured and syndicated debt solutions to the companies, all under the same umbrella,” Murali said.
Alteria Capital is India's largest Venture Debt fund, specialising on creative firms with significant VC backers. Alteria Capital was created in 2018 by the executive team of Silicon Valley Bank's lending operation in India, which began in 2008. Our objective at Alteria Capital is to assist innovative entrepreneurs in transforming and expanding their businesses to their maximum potential. Over the last decade, our financing solutions have assisted some of India's most interesting and inventive rising companies in realising the promise of their company ideas by utilising complementary sources of growth finance.
According to Vinod Murali, founder and managing partner of Alteria Capital, the second fund has a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore.
Murali stated that the fund is eager to support additional entrepreneurs through its debt solutions.
Alteria Capital now has Rs 2,500 crore in assets under management across two venture debt funds, making it India's largest venture debt provider.
Domestic institutions, large family offices, senior corporate executives, and venture capitalists/founders from the startup ecosystem make up the investor mix.
Around 300 limited partners (LPs, or investors in such funds) have contributed capital, according to Murali, with current fund-I investors contributing half of the total.
“This is probably the first time when successful startup founders who have seen liquidity events in the past have also participated in a venture debt fund, apart from domestic institutional investors, large family offices and venture capital funds,” says, Murali.
The fund, which is co-founded by Ajay Hattangdi and Murali, will invest in firms who have already received VC funding and offer them a variety of speciality lending options.
With cheque amounts ranging from Rs 150 to Rs 200 crore, the fund would target entrepreneurs in the early and development stages.
“We are looking at offering structured and syndicated debt solutions to the companies, all under the same umbrella,” Murali said.
Alteria Capital is India's largest Venture Debt fund, specialising on creative firms with significant VC backers. Alteria Capital was created in 2018 by the executive team of Silicon Valley Bank's lending operation in India, which began in 2008. Our objective at Alteria Capital is to assist innovative entrepreneurs in transforming and expanding their businesses to their maximum potential. Over the last decade, our financing solutions have assisted some of India's most interesting and inventive rising companies in realising the promise of their company ideas by utilising complementary sources of growth finance.
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