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Kotak Realty raises USD 500 million from ADIA

#Taxation & Finance News
Last Updated : 17th Nov, 2022
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Synopsis

Earlier this week Kotak Investment Advisors secured an anchor investment of USH 500 million from Abu Dhabi Investment Authority (ADIA) for its soon to be launched real estate Alternate Investment Fund (AIF). This will be the thirteenth real estate fund by Kotak aimed at raising USD 1 billion to invest across various realty asset classes and capital stack which will include both debt and equity investments. The fund is looking to focus on the residential sector. Kotak Investment Advisors and Abu Dhabi Investment Authority have a long-standing relationship and intend to foster relations in the future with such collaborative ventures.

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Kotak Investment Advisors (KIAL), the investment arm of Kotak Bank has secured anchor funding from Abu Dhabi Investment Authority (ADIA) to the tune of USD 500 million for its thirteenth real estate Alternate Investment Fund (AIF). The new AIF will be an opportunistic fund that will primarily focus on residential real estate via debt and equity investments. The company plans on raising capital this year and will officially launch the fund early next year. KIAL hopes to raise USD 1 billion for the fund, having already raised over USD 1.8 billion under real estate, across multiple strategies, in the last eighteen months.




Since its launch in the early 2000s, Kotak Investment Advisors has raised, managed, and advised over USD 3 billion solely under its real estate fund series. It has a proven track record across cycles and strategies in this sector. In totality the entity has raised, managed, and advised over USD 6.8 billion across various asset classes such as private equity, infrastructure, special situations, real estate, and investment advisory.



Abu Dhabi Investment Authority has a long-standing relationship with Kotak Investment Advisors, who have raised money from ADIA in the past. Established in 1976, ADIA is a globally diversified investment institution that invests on behalf of the Government of Abu Dhabi with the goal of long-term value creation.
Next (RBI reports 3.1% rise in India�s housing prices with Kolkata in the lead)

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