Trifecta Capital announces final close of Trifecta Venture Debt Fund II at Rs 1,025 Cr
Trifecta Venture Debt Fund II has already invested Rs 900 crore across 38 companies. With a provision to recycle capital, the fund will have an investible corpus of up to Rs 2,560 crore.
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Trifecta Capital has announced its second venture debt fund, Trifecta Venture Debt Fund.
The fund was launched in March 2019 and has been oversubscribed in its final closing. The fund, with an initial target of Rs 1,000 crore ($137 million), including a green shoe option of Rs 250 crore, received investor commitments of Rs 1,025 crore ($ 140 million).
Rahul Khanna, Managing Partner said, “Successfully closing Fund II during these challenging times is evidence of the performance of our funds and the maturity of the asset class that we pioneered in 2014. Besides consistently beating the quarterly hurdle on returns for over five years across both funds, we have returned a significant portion of our first fund to investors and are building a strong foundation for the future. We are grateful to our investors for their continued support.”