EAAA Alternatives, the alternatives arm of Edelweiss, issued a press release on 24 July 2026 stating that its third series performing credit fund, ESOF III, has returned the entire drawn investor capital, representing a 100 % capital return. The fund, with a total size of INR 7,250 crore, is one of the largest performing credit funds in India. To date, ESOF III has exited 15 of its 17 portfolio investments, generating realised proceeds of approximately INR 8,700 crore. Among the exits, a notable INR 950 crore divestment from a global agro‑chemical platform was highlighted. The two remaining portfolio companies are described as performing in line with expectations and remain on track for eventual realization, keeping the fund aligned with its targeted gross return range of 16‑18 %.
Chief Executive Officer Amit Agarwal commented that the ESOF strategy, built over the past 15 years, consistently delivers attractive risk‑adjusted returns and strong cash yields in India’s performing credit space, citing disciplined underwriting, structuring expertise, and rigorous asset monitoring as key drivers of the milestone. He noted that successful exits have been achieved in 15 of the 17 investments and that the balance portfolio continues to be positioned to meet the fund’s return objectives.
EAAA Alternatives is concurrently deploying capital through the fourth vintage of its performing credit strategy, targeting high‑quality corporates across sectors with customized financing solutions for acquisitions, growth capital, stake consolidation, refinancing and other bespoke needs. The broader EAAA platform manages INR 72,706 crore in assets under management, supported by a team of over 270 professionals, including 80 investment experts and 60 asset‑management members. The firm operates offices in Mumbai, New Delhi, GIFT City and Singapore, and maintains on‑ground coverage through partners and relationship managers across North America, Europe, the Middle East, Japan, Australia and South Korea. All figures are presented as of 31 March 2026.