Edelweiss Real Assets Managers Ltd, a unit of Edelweiss Alternatives, on Wednesday said it has raised $282 million (Rs 2,300 crore) under AnZen India Energy Yield Plus Trust, its maiden energy infrastructure investment trust.
The fundraising of AnZen Trust was through private placement and received an encouraging response from a diversified set of institutional and other eligible investors who hold ~26% of the units, the firm said, adding that the trust would be looking to invest in a diversified portfolio of energy assets including transmission lines and renewable power projects.
“InvITs are a compelling investment alternative for investors who are looking for predictable yields and sustainable appreciation through growth. AnZen Trust intends to provide diversified exposure to the energy sector in India which has seen impressive growth over the years. Portfolio diversity presents a better growth opportunity for AnZen Trust and a well-diversified de-risked strategy for investors,” Ranjita Deo, CIO, AnZen Trust said in a statement.
AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar, the firm said.
Edelweiss said it also has got the right of the first offer (ROFO) on the shareholding of its Sponsor/Affiliates in 12 solar energy assets with an aggregate generation capacity of ~813 MWp.
Sekura Energy Private Limited is the Sponsor of Anzen Trust and Edelweiss Real Assets Managers Limited is the Investment Manager.
Edelweiss Alternative Asset Advisors claims to have built one of the largest domestic alternative platforms with assets under management (AUM) of $5 billion.