Private Equity Fund News
Kotak Alts plans $2-B new fund
Source Mint (opens in a new tab)
Mumbai-based Kotak Alternate Assets Managers is planning to raise USD 2 Billion for its Kotak Strategic Solutions Fund (KSSF) III. The fund aims to lend INR 800-1,000 crore to 12-15 growth-stage firms. Kotak is engaging with sovereign wealth funds and pension funds as well as domestic institutions.Its previous funds, KSSF I and II, were sized at USD 1 Billion and USD 1.5 Billion respectively.Kotak Alternate Assets Man agers currently manages approximately USD 10 Billion in assets across more than 120 investments.