Kotak Private Credit fund to raise up to Rs 2,000 cr to finance mid-mkt cos

The fund will have a diversified investment universe and be sector-agnostic

Kotak Mahindra Bank

Kotak Investment Advisors Limited (KIAL) manages Kotak Alternate Assets. Srini Sriniwasan, Managing Director, KIAL said, the effort to raise a Private Credit Fund comes at an opportune time, coinciding with the evolving Private credit ecosystem.

Abhijit Lele Mumbai
Kotak Alternate Assets will raise upto Rs 2,000 crore in its Private Credit Fund to provide debt to mid-market companies. Niraj Karia, formerly with KKR, will lead Private Credit practice at the company.

The fund will have a diversified investment universe and be sector-agnostic. The Kotak Private Credit Fund’s size will be Rs 1,ooo crore with a greenshoe option to raise another Rs 1,000 crore.

The fund will focus on the performing credit space, providing debt to growth-oriented companies with established business models in the mid-market space to secure mid to high teen returns, the company said in a statement.

First Published: May 18 2022 | 3:46 PM IST

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