Kotak gets $500-M commitment from ADIA for its $1-B real estate fund

Kotak Investment Advisors has secured an anchor investment of USD 500 million from Abu Dhabi Investment Authority (ADIA) for its 13th Real Estate (RE) Fund, a USD 1 Billion platform targeting opportunistic real estate investments in India. With this new fund, KIAL hasmore than USD 3.3 billion under its real estate fund series. The fund will primarily target investments in residential real estate.