Edelweiss raises Rs 500 crore
Edelweiss Alternative Asset Advisors has raised Rs 500 crore through its onshore alternative investment fund — Edelweiss Real Estate Opportunities Fund. The fund aims to capitalise on limited liquidity in real estate market through multistrategy approach with focus on cities like Mumbai, NCR, Bengaluru, Hyderabad, Pune and Chennai across residential and commercial real estate, Edelweiss said in a statement. The fund has already deployed Rs 152 crore in four deals across geographies. Edelweiss Alternative Asset Advisors, part of diversified financial services firm Edelweiss Group, deals in alternative private Debt, across special opportunities, real estate and distressed assets credit space.