The achievement from Edelweiss has attributed to strong investor interest from both large global institutions and Indian family offices.
Over the past year, Edelweiss has invested in deals excess of $400m from its third generation fund, representing over 40% of the total amount raised so far.
These investments are spread across a number of industries, such as roads, steel, paper, hotel and real estate.
Furthermore, the Special Situations strategy has an active pipeline of deals valued at nearly $480 million (INR 4000 crore) across diverse range of opportunities, maintaining its focus on attractive risk-adjusted returns.
Venkat Ramaswamy, vice chairman, Edelweiss Group said: “We are extremely grateful for the trust our clients have placed in our Private Credit and Real Asset Strategies. We have witnessed annual deal activity increase over the last 5 years, growing from approximately $1-1.5bn annually to almost $5-6bn annually, nearly quadrupling in volume. As a leader in the private credit space, we expect the market to grow from its current size of $14bn to $100 billion over the next decade as India doubles its GDP to $7trn. As a brand, we will continue to strive to deliver not only superior risk-adjusted returns across our businesses but also focus on providing continuous and consistent yield/income to our clients every year and creating value for all stakeholders while fostering job creation and protection.”
Amit Agarwal, president and head of private credit, Edelweiss Alternatives added: “We have witnessed increased operational cash flows, refinancing, secondary debt sales, stake sales, strategic sales of companies/assets, non-core asset sales, and IBC resolutions across our diversified portfolio. Special situation deals are very attractive in the current Indian context, as secondary sales of loans continue to be strong, even as most underlying assets are operating well but require solutions to reach sustainable debt levels. We are very encouraged by the exits and operating turnarounds achieved in our investee companies. This has showcased our ability to find various ways of restructuring and ultimately exiting our investments, leading to continuous cash flow for our existing clients.”
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