Caisse partners with Edelweiss for India stressed assets investment: Reuters
Canada's second-biggest pension fund Caisse de dépôt et placement du Québec said it had partnered with Indian financial services firm Edelweiss Group to invest up to US$700 million over the next four years in stressed assets and private debt opportunities in India, Reuters reported. Under the deal, Caisse plans to take a 20 percent stake in Edelweiss Asset Reconstruction Co, a key unit that purchases bad loans and has about US$4.5 billion in assets under management. It would also sit on EARC's board and the committee that oversees investments.
3 October 2016•2 mins read
