OTPP puts $350m into Edelweiss' India private debt business
India’s Edelweiss Group has brought a strategic investor into another of its business lines, with Ontario Teachers’ Pension Plan (OTPP) committing $350 million to the firm’s credit unit.
The deal comes within a week of PAG Asia Capital agreeing to buy a 51% stake in Edelweiss Wealth Management for $300 million. It is the second investment in Edelweiss Alternate Asset Advisors (EAAA) following...
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