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.
Tags : News/Views Kotak Investment Real Estate Fund Kotak Investment Advisors Limited (KIAL)