 "edelweiss financial services")
Edelweiss Group on Wednesday said it secured an investment of $350 million from Ontario Teachers’ Pension Plan Board, Canada’s largest single-profession pension plan, in its alternate investment arm.
The investment, about Rs 2,600 crore in rupee terms, will be deployed in Edelweiss Alternate Asset Advisors’ (EAAA), a platform that manages about $3.8 billion of assets under management in performing credit, distressed credit, and infrastructure yield funds.
EAAA is part of Edelweiss Asset Management, which manages customer assets of about Rs 1 trillion across alternatives, mutual funds and distressed assets. The fund will be utilised to “focus on performing and distressed
