When, in September, the Ontario Teachers’ Pension Plan agreed to invest $350 million with Edelweiss Alternative Asset Advisors to put into Indian private credit, there was a sense of Asia’s industry finding its voice.
Private debt has for years been a story of potential rather than action in the region; one of the world’s gold-standard investors putting serious money not just into India but into a strategy that includes distressed assets in India is a landmark.
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