Edelweiss to launch an infrastructure yield plus fund

Edelweiss Alternative Asset Advisors today said it will launch Edelweiss Infrastructure Yield Plus (Fund), an alternative investment fund, which is targeting to raise a corpus of Rs 2,000 crore from investors.
The category I AIF will seek to buy good quality operating assets and is expected to generate returns in the mid-teens including regular annual cash distribution.
Global investors such as pension funds, insurance companies, sovereign wealth funds, etc, and domestic investors such as insurance companies, select family offices, corporate treasury, bank treasury and UHNIs can participate in this fund, the company said in a statement.
The fund aims to raise Rs 2,000 crore and has a greenshoe option of Rs 4,500 crore, it added.

"Globally, infrastructure is recognised as a sustainable asset class and a desirable alternative to volatile equity markets and low-yielding fixed income investments," Edelweiss group CEO (global wealth and asset management) Nitin Jain said.
"We have launched a oneofitskind infra fund that focuses on buying high quality operating assets rather than investing in high risk under-construction assets," he added.

The company said it has so far helped managed exits of infrastructure companies through secondary sale, M&A, IPO, InvITs, among others, having executed transactions over USD four billion.
Category I AIF mainly invests in start- ups, SME's or any other sector which the government considers economically and socially viable.

Edelweiss Group provides a range of financial services including investment banking, institutional equities, securities broking, asset management, wealth management and alternative asset management.