Edelweiss Alternative Asset Advisors Ltd has hit the fund-raising trail as it looks to raise ₹4,000-4,500 crore for its infrastructure fund Edelweiss Infrastructure Yield Plus Fund, said a senior executive of the Edelweiss group.
Edelweiss marked the first close of the fund in May, raising around ₹2,000 crore and has set itself a target of raising ₹6,500 crore for the infrastructure fund.
“Post the first close, our main focus was on making a few investments. Since then, we agreed to acquire four transmission assets. We have re-initiated our marketing efforts, and apart from top-ups from the existing investors, we are seeing significant interest from both domestic and foreign investors,” said Subahoo Chordia, head of Edelweiss Infrastructure Yield Plus Fund.
In October, Sekura Energy Ltd, an entity owned by the Edelweiss infra fund, agreed to buy four power transmission assets of Essel Infraprojects. Read More
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