India, Jan. 30 -- Investment firm Trifecta Capital has announced the first close of its INR 2,000 Cr fourth venture debt fund. Without disclosing the exact amount, the investment firm said that it has so far received commitments to the tune of half of the fund.

The venture debt firm expects to announce the final close of the fund by the end of this year.

The Trifecta Venture Debt Fund IV also has a greenshoe option of INR 500 Cr. It will invest in more than 100 startups, with an average ticket size of INR 25 Cr to INR 30 Cr.

"In the third fund, the average ticket size per investment was somewhere between INR 23 Cr to INR 35 Cr, so, we would like to stay in the same range in the fourth fund as well," Trifecta Capital cofounder and manag...