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Edelweiss Group looking to raise $1 billion for financing platform

13 Nov 2019 Evaluate

Edelweiss Group is looking to raise $1 billion from global institutional investors over the next one year for its financing platform in a bid to complete housing projects. The fund has been announced in a partnership between Edelweiss Alternative Asset Advisors (EAAA) and South Korean financial services conglomerate Meritz Financial Group and it has an initial outlay of $425 million.

The platform will house funds that will buy out existing residential real estate loans and provide requisite completion financing to good quality, commercially viable projects. The funds within the platform will be managed by Edelweiss' Alternative Asset Management business.

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.

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