Tag: real estate fund

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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…

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JM AMC Launches ₹1,000-Crore Real Estate Fund in AIFs

NEW DELHI: JM Financial Asset Management Company is enhancing its Alternative Investment Fund (AIF) platform by launching a Rs 1,000 crore early-stage real estate fund to fill the financing gaps in the sector. According to Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd, “Our aim is to develop a comprehensive AIF ecosystem that facilitates India’s next wave of enterprise growth. We are formulating thematic strategies that are backed by real assets and focus on non-traditional opportunities,” as reported to PTI. The AIF platform will provide specialized capital pools targeting credit, real estate, and pre-IPO opportunities, he noted.…

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Motilal Oswal Alternates Raises ₹2,000 Crore for Real Estate Fund

NEW DELHI: Motilal Oswal Alternates (MO Alternates), the alternative investments division of Motilal Oswal Group, has secured commitments totaling ₹2,000 crore through its sixth real estate fund – Indian Realty Excellence Fund VI (IREF-VI). This funding has been sourced from family offices, Indian high-net-worth individuals (HNIs), and overseas investors via the GIFT City channel. Approximately 75% of the fund is already allocated across 15 diverse real estate projects, covering cities such as Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata. The fund primarily targets mid-income residential projects. The company has celebrated its first exit from IREF-VI, achieving an internal rate of…