Private Equity

Fund News

Edelweiss Alternatives closes AnZen with an initial AuM of over Rs. 2,300-Cr

Economic Times  

Edelweiss Real Assets Managers Ltd, part of Edelweiss Alternatives, has raised INR 2,300 crore under AnZen India Energy Yield Plus Trust, its first energy infrastructure investment trust (InvIT). The funds were raised through private placement from a diversified set of institutional and other eligible investors who hold 26% of the units. AnZen Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets. Sekura Energy Pvt Ltd is the sponsor of Anzen Trust. Edelweiss Real Assets Managers Ltd is the Investment Manager. AnZen Trust has acquired two operating inter-state transmission assets, in Punjab, Haryana and Bihar. These assets have a residual transmission service agreement tenure of over 30 years under the point of connection (PoC) mechanism managed by Power Grid Corporation of India (PGCIL). It also has got the right of first offer (ROFO) on the shareholding of its sponsor/affiliates in 12 solar energy assets with an aggregate generation capacity of 813 MWp.