Kotak hits $185m first close on India pre-IPO fund
India’s Kotak Investment Advisors has achieved a first close of INR13.9 billion ($185 million) for a pre-IPO fund.
The fund initially targeted a corpus of INR10 billion, which was oversubscribed within three months of launch. A greenshoe option was exercised for INR3.9 billion. LPs include several family offices, including...
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