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Canada Pension to fund $450 mn in Kotak's stressed asset fund

Investment will address growing opportunity arising from current stress in banking and corporate sectors

Abhijit Lele  |  Mumbai 

Canada Pension Plan Investment Board (CPPIB) and Kotak Mahindra Group have inked pact for investing upto $ 525 million in stressed assets in India. CPPIB would chip in up to $450 million while balance $ 75 million would come from Kotak Mahindra group. S Sriniwasan, CEO, Kotak Special Situations Credit Fund, said the Kotak Mahindra Group, and its affiliate Phoenix Asset Reconstruction Company, has been an active player in the distressed and structured credit market for over a decade. CPPIB will put patient capital to work, backed by strong and active asset management, to ...

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Canada Pension to fund $450 mn in Kotak's stressed asset fund

Investment will address growing opportunity arising from current stress in banking and corporate sectors

Investment will address growing opportunity arising from current stress in banking and corporate sectors Canada Pension Plan Investment Board (CPPIB) and Kotak Mahindra Group have inked pact for investing upto $ 525 million in stressed assets in India. CPPIB would chip in up to $450 million while balance $ 75 million would come from Kotak Mahindra group. S Sriniwasan, CEO, Kotak Special Situations Credit Fund, said the Kotak Mahindra Group, and its affiliate Phoenix Asset Reconstruction Company, has been an active player in the distressed and structured credit market for over a decade. CPPIB will put patient capital to work, backed by strong and active asset management, to ... image
Business Standard
177 22

Canada Pension to fund $450 mn in Kotak's stressed asset fund

Investment will address growing opportunity arising from current stress in banking and corporate sectors

Canada Pension Plan Investment Board (CPPIB) and Kotak Mahindra Group have inked pact for investing upto $ 525 million in stressed assets in India. CPPIB would chip in up to $450 million while balance $ 75 million would come from Kotak Mahindra group. S Sriniwasan, CEO, Kotak Special Situations Credit Fund, said the Kotak Mahindra Group, and its affiliate Phoenix Asset Reconstruction Company, has been an active player in the distressed and structured credit market for over a decade. CPPIB will put patient capital to work, backed by strong and active asset management, to ...

image
Business Standard
177 22