Edelweiss Financial Services subsidiary - EAAA LLC, Mauritius, and Japan's SBI Holdings, Inc. (SBIH) have signed a definitive agreement to jointly sponsor an alternative asset management fund ‘EW SBIH Crossover Fund’ in Mauritius, focused on investments in small/mid-cap listed companies in India.
The sponsors' total capital commitment to the fund will be $100 million, of which SBIH's commitment is 75% and Edelweiss' commitment is 25%.
This is the second significant tie up that Edelweiss has entered into with a Japanese financial services major. The company already has a joint venture - Edelweiss Tokio Life Insurance with Tokio Marine Holdings.
Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.
