Kotak To Raise $1 Billion Infrastructure Fund

MUMBAI: Alternate assets player Kotak Investment Advisors, a subsidiary of Kotak Mahindra Bank, is set to launch an infrastructure fund.

C Jayaram, executive director of Kotak Mahindra Bank, said the fund will invest in core infrastructure verticals such as roads, ports, airports and power.

The move will mark Kotak?s entry into a third alternate asset. It currently manages two private equity funds that split $225 million between them and 3 real estate funds with total assets under management of $700 million.

?It doesn?t make sense to have an infrastructure fund that is anything less than $1 billion,? said Jayaram, hinting at the magnitude of the fund. Going by this, Kotak will have around $2 billion under management in alternate assets once the infrastructure fund is launched. read more