Edelweiss Financial Services

Edelweiss has raised $450 million through ESAF III funds.

Key Points from below:

1. The funds has raised $425 million but they are targeting to raise $1 billion + $500 million option
2. Already deployed 1000 cr. Looks like this quarters they will have good deployments across this as well as earlier raised money. This should auger well for AIF fees income in coming quarters.
   3- AUM of 40,000 cr. If the ISAF 3 raised unto billion, their AUM will near 45,000 (approx.), which is inline with what management has been saying so far.

I think AIF is where the action is as far as Edelweiss is concerned.