Kotak Realty raises USD 500 million from ADIA

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.

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