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Exclusive: Edelweiss Group out to raise new credit fund

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Credit as an asset class seems to have become a favourite among financial services companies in India, with Edelweiss Group the latest to hit the road to scoop up capital for a fund with a similar theme. Edelweiss joins alternative investment firms such as KKR, Baring Private Equity Asia and Reliance AIF Asset Management Company Ltd, which are putting together similar funds to tap into the growing opportunity in the debt segment. Global private investment giant KKR has a separate credit business in the country and in 2015 floated a new non-banking finance company along with Singapore’s sovereign wealth fund...

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Edelweiss Group is engaged in providing diversified financial services. It offers life insurance, credit, financial markets, asset management and commodities management services. The firm caters to institutional markets, capital markets and investment banking, housing and retail finance. The company is based in Mumbai, Maharashtra.

Baring Private Equity Asia is a private equity firm with $9 billion assets under management. It provides expansion, growth, buyout, recapitalization and mergers and acquisitions capital to companies operating globally. The firm seeks to invest banking and financial services, media, manufacturing, telecom, energy, information technology and renewable energy sectors. It typically invests between $100 million and $500 million in its portfolio companies. The company was founded in 1997 and is based in Mumbai with additional offices at Hong Kong, Shanghai, Beijing, Singapore, Jakarta and Tokyo.

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