News Digest

27 November 2017
Edelweiss raises pre-IPO fund of upto 1750 crore

Financial services-focused Edelweiss group has raised its latest alternative investment fund—Edelweiss Crossover Opportunities Fund—a pre-initial public offering (IPO) fund of up to Rs1,750 crore (approx $270 million), said a senior executive of the firm. The Edelweiss group, through its various entities, manages several alternative investment funds such as credit funds, real estate funds and a distressed assets fund. The Edelweiss Crossover Opportunities Fund has already made its first investment. On 20 November, Mint reported that special situations fund SSG Capital Management had sold a 4.9% stake in IPO-bound Future Supply Chain Solutions Ltd to funds managed by Edelweiss. The transaction was valued at Rs124.8 crore.

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