The Ontario Teachers’ Pension Plan Board is investing US$350 million with Indian private debt manager Edelweiss Alternate Asset Advisors.
The investment represents a long-term partnership between the Ontario Teachers’ and parent company Edelweiss Group, which will focus on performing and distressed private credit investment opportunities within India.
“We are pleased to enter into a long-term partnership with Edelweiss Group, which has a proven track record and demonstrated ability to originate, underwrite, structure and realize on private credit investments in India,” said Gillian Brown, senior managing director of capital markets at the Ontario Teachers’, in a press release. “This partnership will further expand our presence in, and provide additional insights on, the important Indian market.”
The investment is part of an effort to build multi-asset exposure to the country, tapping into its growth potential, added Ben Chan, the Ontario Teachers’ regional managing director for Asia Pacific. “As a global investor, Ontario Teachers’ hopes to leverage our select list of partners including Edelweiss for local insights and acumen as we navigate to grow profitably in this important market,” he said.