EAAA Alternatives, the alternatives arm of Edelweiss, has returned all drawn investor capital in the third series of its performing credit fund, ESOF III, per an announcement.
The move follows the exit of a Rs 950 crore investment in a global agrochemicals platform, details of which were not disclosed.
The fund has made 17 investments to date and now has two remaining portfolio investments.
With a corpus of Rs 7,250 crore, ESOF III is among India’s largest performing credit funds. The fund has realised about Rs 8,700 crore through exits from 15 of its 17 investments, it said in a media statement.
“ESOF strategy has demonstrated over last 15 years that attractive risk adjusted returns along with strong cash yields can be generated in performing credit in India,” said Amit Agarwal, Chief Executive Officer at EAAA Alternatives.
The firm is currently deploying capital through the fourth vintage of its performing credit strategy, investing in companies across sectors through customised financing solutions.
ESOP III was closed in 2020, with a corpus of $900 million.
With an AUM of Rs 72,706 crore, the platform provides income and yield-focused investment solutions to domestic and global investors through its key verticals, including real assets and private credit.
