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

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.