 "valuation, start-ups, startups, funding, fundraising, investors, investments, capital")
Edelweiss Alternative Asset Advisors has raised Rs 3,400 crore (about $ 425 million) in its third Special Situations Fund (ISAF III).
The fund focuses on asset-heavy companies that have a strong turnaround potential and it invests in situations where resolution of asset requires capital and domain expertise.
Edelweiss, in a BSE filing, said it has commitments from global investors that include large insurance companies, pension funds, high net worth individuals and family offices from India. The fund aims to raise $1 billion with a green-shoe option of $500 million.
ISAF III has invested more than Rs 1,000 crore in in
