Kotak Investment Advisors raised $1.25 billion for its second special situations fund

Kotak Investment Advisors

A subsidiary of Kotak Mahindra Bank has raised $1.25 billion for its second special situations fund, today.

The funds would be invested in equity, debt capital, and hybrid instruments across sectors, according to a statement from Kotak Investment Advisors (KIA), the private sector lender’s investment arm.

The total amount targeted for the second fund, which will be based in GIFT City, is $1.6 billion.

The second fund will “provide strategic solution capital across growth and value companies,” it stated, following the deployment of $1 billion in the first fund.

Abu Dhabi Investment Authority, Singapore’s GIC, and family firm Premji Invest, all of which contributed to the first fund, have committed funds to the second.

Our Investors have reposed faith in us by re-upping their large commitments in the second fund,” Kotak Special Situations Fund Chief Executive Eshwar Karra said.

Also Read | Kotak Mahindra Bank inaugurated 100 gold loan branches

EshwarKarra stated that the corporation anticipates a capital expenditure growth cycle over the next two years and that the fund is well positioned to participate in it.

Srini Sriniwasan, managing director of KIA, stated that the company has raised $3.6 billion from foreign investors for domestic deployment in FY23 alone, bringing the total capital raised to $6.7 billion.

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.