Trifecta Capital Closes its Third Venture Debt Fund at $140 Million

Trifecta Capital has raised $140 million (Rs.1,025 crore) from domestic institutional investors, family offices and SIDBI to close its second fund – Trifecta Venture Debt Fund II.

The fund was launched in March 2019. It has already been oversubscribed in its final closing. The venture debt firm said that the fund has set a target of Rs.1,000 crore, including a greenshoe option of Rs.250 crore.

Trifecta closed its first fund at Rs.750 crore in March 2019, and now plans to launch its third venture debt fund with a size of Rs.1,200-1,500 crore in the third quarter of 2021. Trifecta Venture Debt Fund II has already invested Rs.900 crore across 38 companies. The fund had a recycle capital and will have an investible corpus of up to Rs.2,560 crore.

Rahul Khanna, Managing Partner, Trifecta said in a statement that, “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”.

“For Trifecta Capital, founders come first. We are motivated by the success of our portfolio companies and continue to innovate with financing structures around different use cases, be it working capital, inventory, growth or acquisition financing. Our solution-oriented approach to financing and our deep commitment to helping grow our portfolio companies has been a key differentiator for Trifecta Capital,” said Nilesh Kothari, Managing Partner, Trifecta.