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Edelweiss realty fund invests Rs 1,550 cr in projects in Mumbai, NCR

The investments are structured debt deals, with expected internal rate of return (IRR) of 16-19.7 per cent

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The Real Estate Credit Opportunities Fund of Edelweiss Alternative Asset Advisors (EAAA) did an initial close in November last year and a final close on May 7 this year

Raghavendra Kamath Mumbai
The new real estate fund of Edelweiss Group has deployed Rs 1,553 crore across different projects of property developers in Mumbai and the National Capital Region (NCR).

The Real Estate Credit Opportunities Fund of Edelweiss Alternative Asset Advisors (EAAA) did an initial close in November last year and a final close on May 7 this year. The fund has a size of Rs 1,743 crore, according to a quarterly report of the fund manager accessed by Business Standard.
The fund has invested Rs 380 crore in NCR’s

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First Published: Jun 16 2020 | 7:46 PM IST

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