Hattangdi: Alteria takes company asset liens but no personal promoter guarantees
Ajay Hattangdi · 100xEntrepreneur| Episode 22 | Ajay Hattangdi Managing Partner and Co-founder of Alteria Capital · Aug 14, 2019 · at 12:58
Ajay Hattangdi, co-founder of Alteria Capital, describes how venture debt collaterals and senior debt tranches are structured.
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“The loans are structured without sort of encumbrances on the personal property or the assets of the promoters. We are secured lenders in the company. So we come at the top of the table in that sense. You know, we take the assets of the company as we take a lien on that. And essentially it's a structured as a senior secured debt tranche.”
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