Edelweiss to raise $296m for distressed assets fund

Edelweiss
Nitin Jain, chief executive (global asset and wealth management) at Edelweiss. Photo: Mint

Edelweiss Alternative Asset Advisors Ltd, the alternative asset management arm of Edelweiss Group, on Tuesday said it plans to raise ₹2,000 crore for a fund called EISAF II Onshore Fund that would invest in distressed assets.

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