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Edelweiss arm secures $350 mn investment from Ontario Teachers' Pension

The investment will be deployed in Edelweiss Alternate Asset Advisors' (EAAA), a platform that manages AUM of $3 billion

Edelweiss | Edelweiss Asset Management

BS Reporter  |  Mumbai 

edelweiss financial services
EAAA is part of Edelweiss Asset Management, which manages customer assets of about Rs 1 trillion across alternatives, mutual funds and distressed assets.

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 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 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 private credit investment opportunities in the Indian market,” Edelweiss said in a statement.

Global that have invested in EAAA include Caisse de depot et placement du Quebec (CDPQ) and Allianz Investment management.

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First Published: Wed, September 02 2020. 20:45 IST