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Kotak Alts Closes $1 Billion Real Estate Fund

2026-06-05

Kotak Alternate Asset Managers (Kotak Alts) has achieved the final close of its 14th Real Estate Fund at approximately $1 billion, supported by commitments from a subsidiary of the Abu Dhabi Investment Authority (ADIA) and South Korea's National Pension Service (NPS Korea).

ADIA anchored the fund with a commitment exceeding $675 million, marking its sixth consecutive investment in Kotak Alts' real estate platform. The relationship between the two organisations spans more than a decade and multiple fund vintages.

NPS Korea's participation represents its first investment in Indian alternative assets. The pension fund's entry into India through Kotak Alts reflects growing global interest in the country's institutional alternatives market.

The fund will provide growth and development financing across residential, commercial and other real estate asset classes in key Indian cities. Kotak Alts said the strategy is focused on delivering risk-adjusted returns through disciplined underwriting, robust security structures and investment processes refined over 13 previous real estate fund vintages.

Srini Sriniwasan, Managing Director, Kotak Alts, said: "This fund closure is a milestone that reflects the strength of relationship we have built with the world's most discerning institutional investors. ADIA's sixth consecutive commitment to our platform is a testament to the trust earned over a decade of consistent delivery."

Mohamed Al Qubaisi, Executive Director of the Real Estate Department at ADIA, said: "The demand for capital to support real estate in India is robust, while Kotak has delivered consistent returns and displayed underwriting discipline across market cycles."

Vikas Chimakurthy, CEO, Kotak Alts (Real Estate Fund), said the latest fund builds on experience gained through multiple market cycles, regulatory transitions and liquidity environments, providing confidence to global investors seeking exposure to India's real estate sector.

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