Venture debt firm Stride Ventures raises $200 million for new fund

Venture debt firm Stride Ventures announced the close of its Fund II at $200 million, a year after the first close of the fund in August 2021. Initially, Fund II was set up in May 2021.The second fund saw participation from limited partners or sponsors like banks, family offices, corporate treasuries, sovereign funds, private equity (PE) funds, insurance firms, and high net-worth individuals (HNIs).

ET had reported in May that Stride Ventures was looking at a final close of the second fund in the next two months.