Veloce Fintech’s venture debt and pre-IPO fund for MSMEs crosses Rs 140 crore in commitments

Veloce Opportunities Fund, a SEBI-registered category-II alternative investment fund (AIF) by Surat-based Veloce Fintech has crossed Rs 140 crore in commitments, including a Rs 40 crore green shoe option, from HNIs, NRIs and corporate entities, the company said on Tuesday. Aiming for a target corpus of Rs 200 crore, which is likely to be closed in the next few months, Veloce said the fund offers venture debt and pre-IPO funding to MSMEs to bridge the gap between growth capital requirements and structured investment opportunities.