Edelweiss Alternative Asset Advisors

Edelweiss Alt's fund acquires Bengaluru's MMTP Projects for Rs 1,500 cr

Edelweiss Alternatives on Thursday said a fund managed by it has acquired Bengaluru's MMTP Projects for Rs 1,500 crore. The company owns an asset of 1.1 million square feet of gross leasable area in MFAR Manyata Tech Park, Bengaluru, and the acquisition has been done by Rental Yield Plus Fund, as per a statement. The park houses office spaces for companies from various sectors like manufacturing, BFSI, lifestyle, consumer goods, auto, technology, flex space, and consulting. The assets for the fund have surged to over Rs 2,500 crore with the recently completed acquisition, it said, adding that the overall gross leasable area (GLA) has crossed 1.8 msf in Bengaluru and Gurugram. "We are seeing strong appetite from global institutional investors, domestic institutional investors, UHNIs and family offices for investments in Commercial Office Assets in India," Edelweiss Alternatives' head of real assets strategy Subahoo Chordia said. Chordia added that he expects the Grade A/A+ office s

Edelweiss Alternatives completes acquisition of L&T IDPL for Rs 6,000 cr

Edelweiss Alternatives on Thursday announced that it has completed the Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), which owns various road assets and power transmission lines. The deal to buy LTIPDL, a joint venture where infra major L&T had a 51 per cent stake and its partner Canada Pension Plan Investment Board had the rest, was first announced in December 2022. The Edelweiss arm is buying 100 per cent ownership in the JV and will get a portfolio comprising seven road assets spanning 4,400 lane-km and a 960 circuit km power transmission line, according to a statement. After this acquisition, the infra platform's overall portfolio will go up to 26 assets, comprising 5,000 lane-km of roads, 1,800 ckms of power transmission assets and 813 MWp of renewables, with a cumulative annual revenue of Rs 3,000 crore, it added. A statement from L&T said the stakes have been acquired by Epic Concesiones, an investee company of Edelweiss ...

Edelweiss Alternatives to buy out L&T Infra Development for Rs 6,000 cr

Edelweiss Alternatives on Saturday entered into an agreement with Larsen & Toubro and Canadian Pension Plan Investment Board to pick up their 100 per cent stakes in L&T Infrastructure Development Projects at an enterprise value of Rs 6,000 crore. Edelweiss Alternatives -- an alternative ivestment fund management platform -- in a statement said that the transaction is being executed by a fund managed by Edelweiss Alternatives and it also involves absorbing the operating team. The portfolio of the target company comprises eight roads and one power transmission asset, spanning 4,900 lane kilometres and 960 circuit kilometres, respectively. Following this acquisition, the infrastructure platform will scale up to 26 assets with cumulative annual revenue of nearly Rs 2,700 crore. The platform will be a diverse mix of power transmission and substations, renewables and highway assets. Sreekumar Chatra, managing director of the infrastructure yield strategy fund, said these assets have

Edelweiss raises $425 mn for 3rd special situation fund, seeks $1 bn corpus

Company says it has investment commitment from insurance companies, pension funds, high net worth individuals

Edelweiss arm aims to raise $1 billion in third distressed asset fund

Edelweiss Alternative on Tuesday said it is targeting to raise USD 1 billion (about Rs 8,000 crore) in its third distressed asset fund, eyeing strong opportunities in the space. The company has already raised USD 425 million or Rs 3,400 crore for the third 'Special Situations Fund' (SSF III) from large insurance companies and pension funds globally, as also domestic high net individuals and family offices, it said in a statement. Under an SSF, the company focusses on asset heavy companies and identifies viable underlying businesses that have a strong turnaround potential, or invest in situations where resolution of asset requires capital and domain expertise, it said. In the second fund launched in 2018, it invested Rs 10,500 crore and realised cash of more than Rs 9,500 crore from the portfolio companies, it said. Under the latest fund, it is targeting to raise USD 1 billion with a greenshoe option of USD 500 million, the statement said. Of the Rs 3,400 crore raised till now for

Edelweiss arm looks to launch new credit funds in 2021 to tap demand

The short-duration credit fund, which will be an alternative investment fund, targets to raise Rs 2,000 crore

Edelweiss realty fund invests Rs 1,550 cr in projects in Mumbai, NCR

The investments are structured debt deals, with expected internal rate of return (IRR) of 16-19.7 per cent

Edelweiss raises Rs 500 crore for its domestic real estate fund

Fund aims to capitalise on limited liquidity in the real estate market