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Kotak Alternate Assets, managed by Kotak Investment Advisors Limited (KIAL), on Wednesday announced plans to launch a ₹1,000-crore private credit fund under the alternative investment fund (AIF) category II.
Kotak’s fund will have a greenshoe option to raise an additional ₹1,000 crore.
KIAL has appointed Niraj Karia, formerly with KKR, to lead the Kotak private credit practice.
“The fund will have a diversified investment universe and be sector-agnostic,” the company said in a statement, adding that it will focus on providing debt to growth-oriented companies with established business models in the mid-market space.
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