Edelweiss Alternative Asset Advisors Ltd (EAAA), a subsidiary of Edelweiss Financial Services Ltd, today said it will acquire two funds of Milestone Capital Advisors Ltd.
Financial details of the transaction could not be ascertained. The two funds to be acquired by Edelweiss Alternative Asset Advisors Ltd are Milestone Opportunities Fund 10 and Milestone Commercial Advantage Fund and have a combined asset under management of over Rs 150 crore. "Edelweiss is also absorbing the high quality investment team of these funds who bring over a decade of rich experience in Commercial Real Estate (CRE).