Tacora held the first close of its inaugural venture debt fund with $250 million in committed capital with an aim of financing early and mid-stage companies.
The fund is backed by venture capitalist Peter Thiel, officials said, adding that the fund provides access to a high-quality strategic network. “Startups have unique financial needs and Tacora has the expertise to serve them well," said Thiel in a statement. “I’m excited to be their first investor.”
Tacora’s aim is to use a combination of equity, debt and other structured finance tools to help . . .
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