Edelweiss energy InvIT raises $282 million


Edelweiss Real Assets Managers, part of India’s largest alternative asset advisor Edelweiss Alternatives, has announced the close of its maiden energy infrastructure investment trust (InvIT), AnZen Trust, with initial assets under management (AUM) of over INR 2,300 crore.

AnZen Trust is a growth-oriented energy InvIT focusing on high-quality energy assets. It 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 raised the fund 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 is the sponsor of Anzen Trust and Edelweiss Real Assets Managers is the investment manager.

AnZen Trust has already 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. Additionally, it has got the right of the first offer (ROFO) on the shareholding of its sponsor/affiliates in 12 solar energy assets with an aggregate generation capacity of 813 MWp.

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