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

Edelweiss Alternative Asset Advisors (EAAA), part of the Edelweiss group, is looking to launch a short-duration credit fund and a distressed fund this year to tap the demand for credit in the country.

The short-duration credit fund, which will be an alternative investment fund, targets to raise Rs 2,000 crore. The fund has an investment cycle of 24-36 months compared to 36-60 months in its previous funds. The fund manager is looking to launch it soon, said Hemant Daga, chief executive at Edelweiss Asset Management.

The credit fund will be of four-year duration compared to seven to nine years for