Fund News
Kotak Alts closes 14th real estate fund at $1-B; bags support from ADIA, NPS Korea
Kotak Alternate Asset Managers , the alternate assets arm of Kotak Group, has raised USD 1 Billion for its fourteenth real estate fund.The fund is backed by an anchor commitment from a subsidiary of the Abu Dhabi Investment Authority (ADIA) and a commitment from the National Pension Service of the Republic of Korea. ADIA contributed over USD 675 million to the fund, marking its sixth consecutive commitment to the firm’s real estate platform, while the commitment from Korea’s National Pension Service represents its first investment in Indian alternative assets.The fund aims to provide growth and development financing for residential, commercial, and other real estate asset classes across major cities. The firm plans to use a strategy centred on underwriting and security structures, leveraging experience from its previous real estate fund vintages.
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