India: Edelweiss raises pre-IPO alternative investment fund of up to $269m

India: Edelweiss raises pre-IPO alternative investment fund of up to $269m

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

Financial services-focused Edelweiss group has raised its latest alternative investment fund—Edelweiss Crossover Opportunities Fund—a pre-initial public offering (IPO) fund of up to Rs1,750 crore (approx $270 million), said a senior executive of the firm.

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