 "Private credit")
Kotak Investment Advisors, which launched its maiden Rs 1,500-crore fund of funds (FoF) earlier this month, hopes to make the first close by the middle of September, garnering around Rs 500 crore.
Established in 2005, Kotak Investment Advisors is the largest homegrown alternate asset fund, managing USD 5.7 billion (around Rs 45,000 crore) across, real estate funds, infrastructure funds, special situations fund, listed strategies (stocks), and pre-IPO investments.
Its stressed assets fund is the largest in Asia with assets under management worth over USD 1 billion (about Rs 7,900 crore).
According to a Crisil report, as of March 2022, the total investment commitments
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