Kotak Investment Achieves Closure of New Real Estate Fund

Kotak Investment Advisors Limited (KIAL) announced that it has successfully achieved closure of its New Real Estate Fund, which will target a range of real estate financing opportunities across key cities in India. In a statem

BY Realty Plus
Published - Thursday, 11 Feb, 2021

Kotak Investment Achieves Closure of New Real Estate Fund

Kotak Investment Advisors Limited (KIAL) announced that it has successfully achieved closure of its New Real Estate Fund, which will target a range of real estate financing opportunities across key cities in India. In a statement Kotak Investment Advisors said that the $380 million Real Estate Fund is anchored by a number of leading global financial investors and is one of the largest dedicated real estate financing funds closed in recent times in India, particularly during the Covid-19 pandemic. The new fund will target both early stage and late-stage real estate projects in residential, commercial, retail, warehousing and hospitality sectors. With this fund, KIAL crossed total raise of $2.2 billion. The Real Estate Fund has been set up as an Alternative Investment Fund under SEBI regulations managed by the Alternate Asset Management Company - Kotak Investment Advisors Ltd.