|Fund name||Asset Class||License|
|EDELWEISS INDIA REAL ESTATE FUND||Real Estate||SEBI AIF Cat 2|
|EDELWEISS REAL ESTATE OPPORTUNITIES FUND||Real Estate||SEBI AIF Cat 2|
|REAL ESTATE CREDIT OPPORTUNITIES FUND||Real Estate||SEBI AIF Cat 2|
Edelweiss Alternative Asset Advisors are one of the largest alternative asset managers in India, with the primary objective of offering superior risk- adjusted returns to our investors and being capital providers of choice.
Their objective is to offer innovative and differentiated products by leveraging the Edelweiss Group platform with its strong investment capabilities, for superior investment performance.
1 ) https://realty.economictimes.indiatimes.com/news/industry/edelweiss-raises-rs-500-crore-through-its-real-estate-fund/61933387#:~:text=The%20fund%20aims%20to%20capitalise,Edelweiss%20said%20in%20a%20statement.
In this media article is highlighted the fact that Edelweiss Alternative Asset Advisors had raised Rs 500 crore through its onshore alternative investment fund — Edelweiss Real Estate Opportunities Fund that day.
The fund aims to capitalize on limited liquidity in real estate market through multi-strategy approach with focus on cities like Mumbai, NCR, Bengaluru, Hyderabad, Pune and Chennai across residential and commercial real estate, Edelweiss said in a statement.
The fund has already deployed Rs 152 crore in four deals across geographies.
They believed that residential real estate is poised to bounce back with existing regulation available to protect consumer interest, Edelweiss global wealth and asset management chief executive Nitin Jain said.
In addition, limited capital availability creates an ideal opportunity for providers of alternative sources of capital to invest in real estate. Improving business sentiments and a recovery in the demand for office space will lead to further investment opportunities, he added.
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 BCC Group, Rs 356 crore in Mumbai’s Ruparel Group, Rs 291 crore in Naman Group, Rs 126 crore in Spark Developers, Rs 95 crore in Wadhwa Group, among others. The investments have been made in the projects of these developers. The investments are structured debt deals, with expected internal rate of return (IRR) of 16-19.7 per cent. The investments were made before the lockdown was announced. “The undisbursed amount of Rs 190 crore is expected to be distributed over the next two-three quarters to be utilised towards future project expenses,” said the fund manager.
- Why isn’t there any information regarding the Real Estate Funds managed by the AMC on the company website ?
- What is your investment philosophy which you follow for the funds you manage?
- Can you talk about how and where are the investments made using the India Real Estate Fund ?
Prepared by – Ishaan Joshi