With this new fund, KIAL has raised, managed or advised more than $3.3 billion under its real estate fund series
Blackstone Group sold its 4 per cent stake in Embassy REIT to mop up Rs 1,301 crore, data provided by stock exchanges showed.
Latest fund set up as AIF, will target early-stage and late-stage projects in residential, commercial, retail, warehousing and hospitality sectors
The fund's strategy is to develop greenfield projects as well as acquire under construction and completed assets across key commercial office markets in India
Kotak Realty Fund is one of the country's initial real estate PE funds
In a managed account, an individual investor gives money to a fund manager to invest and manage his fund
The investment is in the form of structured debt and has a tenure of four years
Kotak Realty Fund is a part of Kotak Investment Advisors, which is a subsidiary of Kotak Mahindra Bank