Venture debt / Private credit · SEBI registry
ISAF III
Debt / Venture debt · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Debt / Venture debt
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- Edelweiss House, Kalina, Mumbai, Maharashtra
- Fund registered
- 2021
- Corpus (as reported)
- ISAF III (India Special Assets Fund III) raised ~USD 425 mn / Rs ~3,400 cr (2022); the broader Edelweiss Special Situations Fund III platform reached ~USD 1 bn / Rs 8,000 cr. EAAA total AUM ~Rs 65,503 cr (~USD 7.5 bn) as of 31 Dec 2025.
- Website
- www.eaaa.in
- Profile ↗
About
ISAF III (India Special Assets Fund III, SEBI IN/AIF2/21-22/0978) is the third fund in the Edelweiss special-situations series, managed by EAAA India Alternatives Limited (formerly Edelweiss Alternative Asset Advisors), one of India's largest alternative asset managers. The strategy targets viable, asset-heavy companies needing capital and domain expertise to resolve stressed assets.
Investment focus
Corporate special situations / stressed & distressed assets and credit — asset-heavy companies with turnaround potential (Cat II AIF). Not startup VC.
Cheque size
Large bespoke special-situations cheques (institutional scale); not a fixed small-ticket range
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/21-22/0978
SIDBI Fund of Funds
None found — LPs are global insurers, pension funds (e.g. Florida Retirement System), HNIs and family offices; no SIDBI/govt FoF disclosed
Team & organisation
Manager EAAA has ~80 investment professionals / 267 total staff; ISAF III named managers: Navin Sambtani, Amit Agarwal, Kriti Ghosh
Company-managed Category II AIF (manager: EAAA India Alternatives Ltd, formerly Edelweiss Alternative Asset Advisors); India Special Assets Fund III, third in the special-situations series; multi-fund platform (~INR 65,504 Cr AUM)
Connect through iHub India
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Frequently asked
- What does ISAF III invest in?
- Corporate special situations / stressed & distressed assets and credit — asset-heavy companies with turnaround potential (Cat II AIF). Not startup VC.
- What cheque size does ISAF III write?
- As compiled from public sources: Large bespoke special-situations cheques (institutional scale); not a fixed small-ticket range
- How do I pitch ISAF III through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ special-situations / stressed-asset credit fund (NOT startup VC); rebrand (Edelweiss Alternative Asset Advisors -> EAAA India Alternatives Limited); registry email is parent Edelweiss group domain (edelweissfin.com)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.eaaa.in/; https://cdn1.edelweissfin.com/wp-content/uploads/2023/01/Final-PR-ISAF-III.pdf