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India’s Edelweiss WM aims to raise US$1 billion for pre-IPO, late-stage PE funds

Edelweiss Wealth Management (EWM) Thursday said it plans to raise about US$1 billion from its pre-IPO and late-stage private equity (PE) focussed series of funds as alternative investing gains traction among the U/HNWI in India. The Crossover Series III A fund, launched in March this year, got final commitments of over US$200 million taking the total for the Crossover Series…

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