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Alteria marks the first close of its second fund at ₹1,325 crores.

Alteria has marked a first close which allows it to start investing from the fund, even as it continues raising more money in parallel for the fund. The company announced the first close of its second fund at ₹1,325 crores. It is aiming for a final close of about Rs 1,700 crore in the next 3-4 months. The fund stated that Alteria Capital II has been heavily oversubscribed, and has exceeded the target fund of Rs 1000 crore within four months of its launch.
There has been strong interest from domestic investors to participate in this attractive asset class resulting in oversubscription in a very short period of time. Alteria currently manages Rs. 2300 crore of AUM across two funds, which makes it the largest pool of capital for venture debt for Indian startups currently.

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