Financial services company, Edelweiss Group on Monday said Allianz Investment Management, a part of Allianz Group, has invested over $ 200 million into its private debt platform. For Allianz, this investment is their first private debt commitment in the stressed assets space in the country.
“Institutional investors are increasingly looking at private debt strategies in the country more than ever before. We are confident that this partnership will enable Allianz to make the best of private debt opportunities,” Edelweiss’s chairman and CEO, Rashesh Shah said in a statement.
Allianz Investment Management’s chief executive officer and CIO (Asia), Ritu Arora, said, “Asia plays an important role in the global portfolio allocation across all asset classes. The investment with Edelweiss fits well in our allocation of alternative investments in the country.”
This is the second partnership for Edelweiss with a global institutional investor partnership in stressed assets and specialized corporate credit, after Caisse de depot et placement du Quebec (CDPQ), one of North Americas largest pension fund managers.