Venture Intelligence (TSJ Media Pvt. Ltd.)
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Edelweiss raising $1.5 B stressed assets fund
Edelweiss Financial Services is raising India's largest distressed assets fund of USD 1.5 billion ahead of an anticipated spike in special-situation takeovers even as Covid-induced solvency challenges deflate enterprise valuations at several debt-heavy companies. Canada's Ontario Teachers' Pension Plan Board (OTPP), CDPQ, Swedish pension funds AP1 and AP4, Allianz Investment Management, and Florida's State Board of Administration pension funds are among the global investors in discussions with Edelweiss.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.