Edelweiss set to raise $480 mn in pre-IPO Crossover fund III

Asia-focused investment firm PAG-backed Edelweiss Wealth Management is likely to miss the targeted corpus of ₹5,000 crore ($700 million) for its pre-IPO (initial public offering) fund Series III as volatile stock markets sap demand for public listings. Edelweiss Wealth Management is now expected to raise up to ₹3,800 crore (around $494 ......