Kotak Alts closes 14th real estate fund near $1 billion

Representative AI image
Representative AI image

NEW DELHI: Kotak Alternate Asset Managers (Kotak Alts), the alternative assets division of Kotak Group, has successfully closed its fourteenth real estate fund at nearly $1 billion.

The fund has received an anchor commitment from a subsidiary of the Abu Dhabi Investment Authority (ADIA) and funding from the National Pension Service of the Republic of Korea (NPS Korea).

ADIA has committed over $675 million to this fund, marking the sixth consecutive investment by an ADIA subsidiary in Kotak Alts’ real estate platform.

This is NPS Korea’s initial investment in Indian alternative assets, as per the company.

Kotak Alts’ 14th real estate fund will focus on providing growth and development financing across residential, commercial, and various real estate asset classes in key cities across India.

The company stated that the fund will implement a disciplined underwriting strategy and structured security, leveraging insights from its earlier real estate fund vintages.

  • Published On Jun 3, 2026 at 03:30 PM IST

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