Edelweiss Alternative Investment Fund (AIF) will deploy Rs 6,500 crore over two years to acquire operating projects in two segments — roads and energy — before it begins to monetise its portfolio through sale to Infrastructure Investment Trusts (InVITs).
Subahoo Chordia, head of real assets strategy, Edelweiss Alternatives, said the projects that the fund can still acquire on roads and energy could be worth Rs 25,000 crore.
The fund has about Rs 13,000 crore, and half of that — Rs 6,500 crore — is still pending. That will be utilised over two years. The fund will acquire assets, aggregate them and make them large cap, Chordia told Business Standard.
