Alteria Capital announces first close of its second fund at Rs 1,800 crore

Alteria Capital has announced the final close of its second fund at Rs 1,800 crore, the largest venture debt fund to be raised in India so far.

This comes on the back of the fund’s first close in April at Rs 1,325 crore.

The second fund includes a target corpus of Rs 1,000 crore and a green shoe option of Rs 800 crore, said Vinod Murali, founder and managing partner of Alteria Capital.

The fund is looking to back more startups through its debt solutions, Murali said.

Alteria Capital now has assets under management of Rs 2,500 crore, across two venture debt funds, making it the largest venture debt provider in India currently.