Venture Debt Investor Trifecta Capital Closes Second Fund At INR 1,025 Cr
Click here to read full article from source
India, March 5 -- Indian venture debt firm Trifecta Capital, on Friday, announced the final close of its second fund, Trifecta Venture Debt Fund-II at INR 1,025 Cr (roughly $150 Mn). The fund was oversubscribed after being launched in March 2019 with a target of INR 1,000 Cr and a green-shoe option of INR 250 Cr.
Trifecta Venture Debt Fund-II has already invested INR 900 Cr across 38 companies and with a provision to recycle capital, will have an investible corpus of up to INR 2,560 Cr.
The company's first venture debt fund, which it claims was India's first such fund, was launched in 2014. In its sixth year, the fund has returned over three-quarters of its capital to its investors and is likely to return 100% of the capital by June 202...
To read the full article or to get the complete feed from this publication, please Contact Us