Alteria announces first close of third venture debt fund at Rs 1,000 cr

The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors

Alteria Capital has announced the first close of its third venture debt fund at Rs 1,000 crore, with a greenshoe of Rs 1,000 crore. The firm now has an AUM (Assets Under Management) of Rs 3,800 crore across its three debt funds, raised from domestic investors.

The third venture debt fund “Alteria Capital Fund 3 Scheme A”, promoted by veterans Ajay Hattangdi and Vinod Murali, will continue to back start-ups that have already raised VC funding, and provide them with a range of specialty debt solutions.

Further, the fund will target Indian start-ups across early and growth stages with cheque