Mumbai: The Edelweiss group has launched an alternative investment fund (AIF) that will invest in companies looking to go public in the near term. It plans to raise a corpus of Rs 1,750 crore for the fund.
Called the Edelweiss Crossover Opportunities Fund, it will invest in companies that are at a "crossover" point of going from unlisted to listed in the near term.
With scores of companies tapping the primary markets, the activity is expected to rise further, opening up new opportunities for investors. Many of these IPOs have listed at a premium to the issue price.
Pranav Parikh, who leads the investment team of the fund, said the investment philosophy was centered on picking fundamentally strong companies based on secular growth themes that transcend market cycles and observing high discipline.
"The fund also endeavours to provide solutions to capital structure situations that firms tend to face in their preparation for accessing the public markets," he added.