To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionKotak closes $380m real estate financing fund in India
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