The fund continues to hold two portfolio investments out of a total of 17 investments. According to the company, both remaining investments are performing in line with expectations and remain on track for realization, positioning the fund for additional value creation.
With a fund size of INR 7,250 crore, ESOF III is among the largest performing credit funds in India. The fund has realized approximately INR 8,700 crore through the successful exit of 15 of its 17 investments, underscoring the strength of its investment strategy and execution capabilities.
The ESOF fund series provides flexible financing solutions to high-quality businesses, supporting a broad range of strategic requirements, including acquisitions, growth capital, stake consolidation, refinancing, and other customized financing needs. The series targets gross INR returns of 16 to 18 percent, and the company stated that ESOF III remains on track to achieve its targeted performance.
Commenting on the milestone, Amit Agarwal, Chief Executive Officer of EAAA Alternatives, said, “ESOF strategy has demonstrated over last 15 years that attractive risk adjusted returns along with strong cash yields can be generated in performing credit in India. We have experience of successfully investing across multiple credit and business cycles over the past 15 years.
This milestone for ESOF III fund is a testimony to our disciplined underwriting, structuring expertise and continued focus on asset monitoring. We now have successful exits in 15 of the 17 investments and balance portfolio is also on track to deliver the target returns.”
EAAA Alternatives is currently deploying capital through the fourth vintage of its performing credit strategy, investing in high-quality corporate businesses across sectors through customized financing solutions designed to support growth and create long-term value.
EAAA Alternatives, the alternatives arm of Edelweiss, is one of India’s leading multi-strategy alternative asset management platforms in terms of assets under management, according to the CARE Report. With more than 15 years of experience managing long-term patient capital, the platform oversees assets under management of INR 72,706 crore.
The platform focuses on providing income and yield solutions to a diverse base of global and domestic investors through its core business verticals, including Real Assets and Private Credit. It is supported by a team of more than 270 professionals, including over 80 investment experts and a dedicated asset operating and management team of more than 60 members, combining investment expertise with active asset management capabilities to deliver long-term value.
EAAA Alternatives operates offices in Mumbai, New Delhi, GIFT City, and Singapore, while maintaining on-ground coverage through partners and relationship managers across North America, Europe, the Middle East, Japan, Australia, and South Korea. All figures disclosed are as of March 31, 2026.
The complete return of drawn investor capital in ESOF III, coupled with successful exits from the majority of its portfolio investments and the continued deployment of capital through its fourth performing credit fund, reinforces EAAA Alternatives’ long-term investment strategy and its focus on disciplined execution, customized financing solutions, and sustained value creation across multiple business and credit cycles.
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