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