Trifecta Capital to launch $200 million equity fund: Report

Trifecta Capital is set to expand its business through the launch of its first equity fund after pioneering its debt fund model. The equity fund, Trifecta Leaders Fund-I, will look at late-stage equity investments in Indian startups, Rahul Khanna, managing partner of Trifecta Capital told Mint.

Further, the firm is aiming to raise Rs 1,500 crore ($200 million), including a greenshoe option of Rs 300 crore, for this fund.

Khanna told the publication that the firm is aiming to achieve the first close of Rs 600 crore by June in its first equity fund to invest in technology companies looking to go public in one-three years. The firm expects its portfolio to have 8-10 companies through  $20-30 million per investment, the news report added.

“We know that there are a lot of companies that are in the back end of their journey, which means that they are 12-36 months away from a liquidity event," Khanna was quoted as saying.