Allianz Investment Management strategically invests in Edelweiss’ Private Debt Platform

Published On: February 11th 2019 at 7:48 PM

edelweiss broking ltdEdelweiss today announced that Allianz Investment Management, the investment management arm of Allianz Group (one of the world’s largest insurers), has made an investment of over USD 200 million into Edelweiss’ Private Debt Platform. Edelweiss, one of India’s leading Diversified Financial Services has pioneered Private Debt investment in India and is one of the largest Private Debt managers in the country.

Private Debt investment is an important asset class for Allianz Investment Management in India, and the company has been looking to build a partnership over many years with credible Private Debt managers, who have the expertise to lend to projects and companies in a complex environment. For Allianz, this investment is their first Private Debt commitment in the stressed assets space in India. For Edelweiss, this partnership is the second such global institutional investor partnership in stressed assets and specialized corporate credit, after Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers.

About Edelweiss Group

About Edelweiss Financial Services The Edelweiss Group is one of India’s leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss’s products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Credit Business (Wholesale & Retail Mortgages, SME and Business Loans, Agri and Rural Finance, Structured Collateralised Credit and Distressed Credit), Franchise & Advisory Business (Wealth Management, Asset Management and Capital Markets) and Insurance (life and general insurance). Edelweiss has an asset base of ~INR 55,800 cr, as of 31st December, 2018. The Group had a revenue of INR 8,623 cr and PAT of INR 890 cr for FY18. The group’s research driven approach and proven history of innovation has enabled it to foster strong relationships across all client segments. The group has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Financial Markets. Together with strong network of Sub-Brokers and Authorized Persons, Edelweiss group has presence across all major cities in India .

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