Kotak raises $380 mn in eleventh realty fund, total mop-up crosses $2.2 bn

Kotak Investment Advisors (KIAL) today announced the closure of its new real estate fund which will target a range of real estate financing opportunities in the country.

The $380 million real estate fund is anchored by a clutch of leading global financial investors and is one of the largest dedicated real estate financing funds closed in recent times in the country, the fund manager said, adding that the new fund will target both early-stage and late-stage real estate projects in residential, commercial, retail, warehousing and hospitality sectors.

Srini Sriniwasan, Managing Director, Kotak Investment Advisors said, “Our new Real Estate Fund has been closed at an opportune time. We have a flexible investment mandate enabling us to provide much needed capital