The Edelweiss Crossover Opportunities Fund comes at a time when the IPO market has gathered pace and companies from a wide range of sectors intend to go public in the near-term. Mumbai: The Edelweiss Group has launched an alternative investment fund that will invest in companies looking to go public in the near-term and is targeting to raise a corpus of Rs1,750 crore for the fund. The Edelweiss Crossover Opportunities Fund comes at a time when the initial public offering (IPO) market has gathered pace and companies from a wide range of sectors intend to go public in the near-term, opening up new investment opportunities. “The fund will aim to invest in companies that are at a ‘crossover’ point of going from unlisted to listed in the near term,” Edelweiss said in a statement on Friday. “The strategy is to invest in companies that provide such crossover opportunities having visibility of accessing public markets,” it added.

Source: Mint December 01, 2017 10:41 UTC