Edelweiss Alternatives closes “AnZen” – a diversified Energy InvIT with an initial AuM of over INR 2,300 cr – EQ Mag

• A diversified Energy InvIT focusing on providing growth with predictable yields

• Expanding product portfolio and growing the investor base, through a perpetual listed strategy

Mumbai : Edelweiss Real Assets Managers Limited, part of Edelweiss Alternatives, India’s largest alternative asset advisor, today announced the successful close of AnZen India Energy Yield Plus Trust (“AnZen Trust”), its maiden energy infrastructure investment trust (InvIT). AnZen Trust is a diversified and growth-oriented energy InvIT focusing on high quality energy assets, with an initial AuM of over INR 2,300 cr.

The fund raise of AnZen Trust was through private placement and received an encouraging response from a diversified set of institutional and other eligible investors who hold ~26% of the units. Sekura Energy Private Limited is the Sponsor of Anzen Trust and Edelweiss Real Assets Managers Limited is the Investment Manager.

AnZen Trust would be looking to invest in a diversified portfolio of energy assets including transmission lines and renewable power projects to provide long term predictable yield and growth to its investors. AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar. These assets have a residual transmission service agreement tenure of over 30 years under the point of connection (PoC) mechanism managed by Power Grid Corporation of India (“PGCIL”). Additionally, it also has got the right of first offer (ROFO) on the shareholding of its Sponsor/Affiliates in 12 solar energy assets with an aggregate generation capacity of ~813 MWp.

Ranjita Deo, CIO, AnZen Trust said, “InvITs are a compelling investment alternative for investors who are looking for predictable yields and sustainable appreciation through growth. AnZen Trust intends to provide a diversified exposure to the energy sector in India which has seen impressive growth over the years. Portfolio diversity presents better growth opportunity for AnZen Trust and a well-diversified de-risked strategy for investors.”

Subahoo Chordia, Head – Infrastructure Funds, Edelweiss Alternatives said, “Over the years, we have built a differentiated asset management platform with deep investment and operating expertise. With our unique capability, built around experienced people, robust processes and use of appropriate technology, we are well-positioned to enhance value in these portfolios. AnZen Trust will help us provide an investment solution to meet the growing yield requirements of our clients and expand our customer franchisee. Edelweiss Alternatives has embarked on its perpetual strategy AUM journey with this InvIT and we expect to grow our perpetual strategies in coming years, delivering value to all our stakeholders.”

Venkat Ramaswamy, Vice Chairman, Edelweiss Group said, “We thank our investors for their continued trust. The response received for AnZen Trust is a strong testament of the faith that our clients have in us as well as a validation of our asset management capabilities, good investment track record, and strong governance standards.”

About Edelweiss Alternatives

Edelweiss Alternatives platform pioneered private debt in India with the launch of the USD 230 mn (INR 1,000 cr) fund in 2010. With a track record of over a decade, it has grown to be one of the largest Alternatives platforms in India with an AuM of ~USD 5 bn (NR 40,000 cr). Focused on providing high quality credit and yield opportunities to global and domestic professional investors across performing credit (corporate and real estate), special situations and infrastructure yield, its clientele comprises of Indian and global institutional investors – pension funds, insurance companies, large family offices and ultra-high net-worth individuals.