India’s Edelweiss Wealth Management raises $200m for pre-IPO fund

Photo: Ramesh Pathania/Mint

Private equity firm PAG-backed Edelweiss Wealth Management has raised 1,500 crore for the final close of the third series of its pre-initial public offering (IPO) fund Edelweiss Crossover Opportunities Fund and has launched the next series of the fund to raise another 1,500 crore, a person aware of the development said on the condition of anonymity.

The Crossover series of late-stage funds from Edelweiss have raised a total of more than 3,700 crore across its first three series. Edelweiss plans to raise up to 7,500 crore through its Crossover fund, said the person mentioned above.

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