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Edelweiss AIF Crossover – Series III

IME AIF Rating: 5-star | Open for subscription: No | AIF Category: Pre-IPO
  • Strategy: Unique proposition to investors. Investors are likely to benefit from the strategy during a robust IPO market. Access to private deals by Edelweiss also gives the strategic advantage over others.
  • Long over-due listing of Indian start-ups: Vibrant start-up ecosystem in India has produced some unicorns. Quite a few of these unicorns are well over-due for listing (eg. Flipkart for 16 years) on the back of PE exit and additional large ticket-size funding. Investors could benefit from this trend through the strategy.
  • Investment Team: With more than 2 decades of experience, the fund manager and his investment team bring in capabilities to identify strong companies that are likely to have strong listings.
  • Liquidity: Any adverse development in the run-up to the IPO and delay or cancellation of the IPO could potentially make the investment illiquid or lower the asking prices for their stake to exit.
  • IPO Markets: Highly dependent on the robustness of the capital/IPO markets. Years of weak capital markets and large private funding can keep companies out of the public funding space for longer than investors’ would like.
  • Investors looking for alternative strategies beyond equity or alternative to PE to access technology start-ups could look at this as an option. The long over-due listing of billion-dollar start-ups and Edelweiss’ ability to access private markets makes this a good choice for an investor.

STRATEGY

INVESTMENT PROCESS

LATE-STAGE PE and IPO BLEND

IPO MARKET

IPO market activity has increased substantially

PE IN IPO MARKET

FEE STRUCTURE

INVESTMENT TEAM

AMC

AMC Rating

0 of 5 stars

AMC Pedigree

0 of 5 stars

AMC Size

0 of 5 stars

Team Pedigree

0 of 5 stars

Inv Philosophy

0 of 5 stars

Performance

0 of 5 stars