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Kotak to float infra fund

Kotak to float infra fund

The Kotak Mahindra Group has plans to raise private equity funds of about $300 million from both domestic and international investors to invest in infrastructure projects in India. Kotak Investment Advisors will manage the domestic fund and Kotak Mahindra (UK) will manage the off-shore fund. Kotak Investment Advisors currently manages nearly $1.2 billion of alternate assets. Kotak Mahindra (UK) and its international affiliates manage off-shore funds of close to $2.2 billion.
Sumitomo Mitsui Banking Corporation (SMBC) and Brookfield Asset Management (Brookfield) will participate in the Fund as cornerstone investors. These entities together will contribute up to 22.5 per cent of the funds’ capital, the release said.

Contact: Kotak Tel: +91 22 6621 5999 Web: www.kotak.com


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