Alteria Capital partners (from left) Ankit Agarwal, Punit Shah, and Vinod Murali / Photo credit: Alteria Capital

India-based venture debt firm Alteria Capital has finalized the venture debt portion of its third fund at 15.5 billion rupees (US$185 million) – higher than its initial target of 10 billion rupees (US$120 million). This brings its total assets under management to US$521 million.