📋 Tender Overview
Project Number: 49155
Company Name: Alteria Capital Fund III - Shorter Duration Scheme
Date SPI Disclosed: Jun 5, 2024
Country: India
Region: South Asia
Projected Board Date: Jul 8, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Asia & Pac
Industry: Funds
Sector: Other Non-Private Equity Fund
Project Description
The proposed project envisages an investment of up to US$12 million in INR equivalent in a target US$100 million Alteria Capital Fund III – Shorter Duration Scheme (ACF3 SDS or the Fund) debt fund, managed by Alteria Venture Partners LLP ( AVP or Alteria or Fund Manager). The Fund will provide short-term secured debt to venture capital backed start-ups (the Project). The companies will be digital finance services (DFS) providers as well as will include consumer products, B2B platforms, Climate tech and services companies in India. These companies will be technology driven micro, medium and small enterprises (MSMEs).
Total Project Cost and amount and nature of IFC's Investment: The proposed project envisages an investment of up to US$12 million in INR equivalent in Alteria Capital Fund III – Shorter Duration Scheme.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
