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Explore Now MUMBAI: Startups-focused alternate financing platform Trifecta Capital, which has already invested Rs 900 crore across 38 companies, has closed its second fund, raising Rs 1,025 crore. Since the Rs 1,025-crore Trifecta venture debt fund-II has a provision to recycle capital, the fund will have an investible corpus of up to Rs 2,560 crore, the company said on Friday. Across the two debt funds, Trifecta has invested around Rs 2,000 crore in 72 early growth and growth stage startups since the launch in 2014. Trifecta venture debt fund-II was launched in March 2019, and has been oversubscribed at closing. The fund had a target of Rs 1,000 crore, including a green shoe option of Rs 250 crore, but received investor commitments of Rs 1,025 crore. ....
By Reuters Staff 2 Min Read SHANGHAI, Jan 19 (Reuters) - A Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales, state media reported, reflecting Chinese retail fever toward stocks. E Fund Management Co launched the fund on Monday and raised 237 billion yuan ($36.6 billion) in subscription money, nearly 16 times its fundraising cap of 15 billion yuan, official Securities Times reported on Tuesday, citing sales channels. E Fund said official data will be released soon, without giving figures. The demand reflects Beijing’s success in boosting investor confidence in capital markets following a series of reforms, and points to more momentum in China’s bull run that saw the bluechip CSI300 index jump 27% in 2020. ....