Financial services focused Edelweiss Group is eyeing the first close of its latest alternative investment fund, Edelweiss Special Opportunities Fund (ESOF) III, at $600-700 million by December-January, Venkat Ramaswamy, executive director of Edelweiss Financial Services Ltd and co-head at Edelweiss Global Investment Advisors, said in an interview. ESOF III is a credit fund that focuses on investing in the performing credit space and will lend to companies that need funds for growth. Its first credit fund ESOF I garnered $230 million. It is a good governance track record that shows how a company has behaved in the worst of times. In January, Edelweiss closed its distressed assets focused fund EISAF II, raising a corpus of $1.3 billion.

Source: Mint October 09, 2019 17:26 UTC