Kora Management Increases Bet in Edelweiss Global Investment Advisors
Posted on 08/17/2019
New York-based Kora Management inked a deal to invest up to US$ 125 million in Edelweiss Global Investment Advisors. Kora Management is an investment firm focused on financial services and internet businesses. Kora Management is an existing long-term investor in Edelweiss.
Details
Kora Management has committed to invest US$ 75 million in the advisory business, Edelweiss Global Investment Advisors (EGIA), subject to structuring-related milestones. In addition to this investment, Kora plans to make a further investment of US$ 50 million in Edelweiss, the timing and structuring of which is being finalized.
Nitin Saigal, who grew up in Mumbai, co-founded Kora Management. New York-based Bridger Management, Saigal’s former employer, invested US$ 50 million in Kora Management.
