Edelweiss Alternatives eyes $500 mln corpus for its first climate fund - executive

Edelweiss Financial Services

11/09/2023 14:22

By Bhakti Tambe
       MUMBAI, Sept 11 (Reuters) - India's Edelweiss
Alternatives has launched its first climate fund and is aiming
to raise up to $500 million from overseas institutional
investors, a senior executive told Reuters on Monday. 
    The climate fund, registered in Singapore, will invest in
related projects of Indian companies, primarily in the form of
equity, Subahoo Chordia, said Subahoo Chordia, president and
head Real Assets Funds at Edelweiss Alternatives.  
    "We have started getting deal flows, and we are in the
process of evaluating them," he added. 
    Edelweiss Alternatives said the corpus will be invested in
projects including renewable energy, transmission
infrastructure, electric vehicle infrastructure, green
infrastructure, and water treatment, among others. 
    While the fund is initially targeting $500 million of
corpus, the amount can exceed based on investor interest,
Chordia said.    

 (Reporting by Bhakti Tambe; Editing by Tasim Zahid)
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