Edelweiss arm secures $350 mn investment from Ontario Teachers’ Pension
The investment will be deployed in Edelweiss Alternate Asset Advisors’ (EAAA), a platform that manages AUM of $3 billion
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Edelweiss | Edelweiss Asset Management
BS Reporter |
Last Updated at September 2, 2020 21:08 IST
EAAA is part of Edelweiss Asset Management, which manages customer assets of about Rs 1 trillion across alternatives, mutual funds and distressed assets.
Edelweiss Group on Wednesday said it secured an investment of $350 million from Ontario Teachers’ Pension Plan Board, Canada’s largest single-profession pension plan, in its alternate investment arm.
The investment, about Rs 2,600 crore in rupee terms, will be deployed in Edelweiss Alternate Asset Advisors’ (EAAA), a platform that manages about $3.8 billion of assets under management in performing credit, distressed credit, and infrastructure yield funds.
EAAA is part of Edelweiss Asset Management, which manages customer assets of about Rs 1 trillion across alternatives, mutual funds and distressed assets. The fund will be utilised to “focus on performing and distressed private credit investment opportunities in the Indian market,” Edelweiss said in a statement.
Global companies that have invested in EAAA include Caisse de depot et placement du Quebec (CDPQ) and Allianz Investment management.
First Published: Wed, September 02 2020. 20:45 IST
