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Kotak closes $380m real estate financing fund in India
Fundraising - FEBRUARY 9, 2021

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Kotak closes $380m real estate financing fund in India

by Kali Persall

Kotak Investment Advisors (KIAL) has announced the closing of its new $380 million real estate fund, targeting both early-stage and late-stage real estate projects in the residential, commercial, retail, warehousing and hospitality sectors in India.

The vehicle is set-up as an alternative investment fund.

According to PTI, this was one of the most significant real estate financing funds closed recently in India. The vehicle will target a range of real estate financing opportunities across key cities in the country and was anchored by a host of major global financial investors.

“Our new real estate fund has been closed at an opportune time,” said Srini Sriniwasan, managing director at KIAL. “We have a flexible investment mandate, enabling us to provide much-needed capital to address the short-term financial dislocation in the real estate financing market as well as long-term capital to address the liquidity issue.”

This is the company’s

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