Kotak’s AIF sees opportunity in real estate sector
February 15, 2021
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Have been putting capital to work to solve the problems of this sector, says MD Sriniwasan
Last week, Kotak Investment Advisors Limited (KIAL), India’s largest Alternate Asset Fund Manager with $4.8 billion of asset under management (AUM), achieved closure of its 11th Real Estate Fund by garnering $380 million from global institutional investors including Sovereign Wealth Fund and Insurance companies.
Businessline spoke to Srini Sriniwasan, Managing Director, KIAL, on his latest fund raise and future plans to grow the AIF business.
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KIAL announced of raising $ 380 million real estate focused fund during Covid period. What are the type of investors that have invested in the fund. What has been your experience in raising funds for real estate, when the sector is in doldrums?