Kotak Investment, Allianz tie up for investing in Indian pvt credit market

In February 2021, Allianz made its maiden credit investment of $150 mn in KIAL's eleventh Real Estate Debt Fund that achieved a closure of $380 mn

Kotak Investment Advisors (KIAL) and Allianz Investment Management SE (Allianz) – the investment management arm of Germany's Allianz Group - on Monday announced that they are partnering to invest in Indian private credit market.

In February 2021, Allianz made its maiden credit investment of $150 million in KIAL’s eleventh Real Estate Debt Fund that achieved a closure of $380 million. KIAL’s Real Estate Fund primarily focuses on financing early- and late-stage real estate projects across geographies in India. Allianz’s total private credit investments in the country so far is worth about $650 million and it is looking to increase it