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Kotak Investment Advisors announced today that it has secured an anchor investment of $500 million from a wholly owned subsidiary Abu Dhabi Investment Authority (ADIA) 13th real estate (RE) Fund, a $1B platform targeting opportunism real estate Investment in India.With the new fund, KIAL has raised, managed or advised over $3.3 billion under its umbrella real estate Fund series.
“It is an opportunistic fund that can invest in various real estate asset classes and capital stacks, namely debt and equity. The fund will focus primarily on residential real estate investments. raised around $1.5 billion in real estate through a variety of strategies,” said CEO Vikas Chimakurthy. Kotak real estate fund.
Srini Sriniwasan, Managing Director, Kotak Investment Advisors said: “As an India-focused alternative asset manager, Kotak has played a key role in attracting global capital into India for a variety of alternative asset investment strategies. For 17 years, Kotak’s real estate investment practice has consistently Consistent performance. This track record has established us as a leading home-grown alternative asset manager with a significant global LP base who have repeatedly placed confidence in Kotak and participated heavily in follow-on funds in Re-up.”
“This agreement expands our existing and longstanding relationship with Kotak. The new platform primarily targets India’s huge housing needs, driven by continued economic growth and a shortage of urban housing clusters,” said Mohamed Al Qubaisi, Executive Director, Real Estate Division, ADIA .
Disclosure: Entities controlled by Kotak family hold substantial stake in Business Standard Pvt Ltd
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