Edel­weiss raises Rs 500 crore

Realty Plus - - News -

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.

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