Kotak Investment Advisors
Kotak halts India fund-of-funds
Kotak Investment Advisors (KIAL) has halted fundraising for its latest fund-of-funds, citing the challenging investment environment.
Kotak reaches first close on second India special situations fund
Kotak Investment Advisors has reached a first close of USD 1.25bn on its second India-focused special situations fund against an overall target of USD 1.6bn.
Kotak fund invests $129m in India's Biocon
Kotak Mahindra Advisors (KIA), the alternative assets arm of Kotak Mahindra Group, has committed INR 10.7bn (USD 129.4m) to Indian pharmaceuticals manufacturer Biocon to support the latter’s acquisition of a biosimilar business from global healthcare...
Kotak targets $1.5b for second India special situations fund
Kotak Investment Advisors is looking to raise USD 1.5bn for its second India-focused special opportunities credit fund, up from about USD 1bn in the previous vintage.
India family offices: Tech exposure
Demand for technology exposure among India’s most affluent is intensifying. Family offices may vary in profile, experience, and mode of access, but they all want a piece of the latest hot start-up
India IPOs: A pleasant surprise
The lack of a reliable IPO channel is a longstanding exit obstacle for venture capital investors in India. Domestic listings may, unexpectedly, prove to be the answer
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.
Fund focus: Kotak exploits distressed assets edge
Kotak Mahindra Group hopes his longstanding experience in financial services will serve as a differentiator as it looks for deals in India's increasingly popular distressed space
Kotak closes India distressed asset fund at $1b
The Kotak Special Situations Fund, which is sponsored by an alternative assets arm of Kotak Mahindra Group focused on Indian non-performing loans (NPLs), has reached a final close of $1 billion.
ADIA to invest $200m in India’s Kotak Realty Fund – report
Abu Dhabi Investment Authority (ADIA) is reportedly planning to commit about $200 million to Indian real estate and has appointed Kotak Realty Fund, run by Kotak Mahindra Bank, to invest the money.
Kotak Mahindra reaches $90m first close on India infra fund
Kotak Mahindra has reached a first close on its infrastructure fund with commitments of $90 million. Japan's Sumitomo Mitsui Banking Corporation (SMBC) and Brookfield Asset Management have come in as cornerstone investors.
Premji buys stake in Heritage Foods, Kotak India exits
Kotak India Value Fund has exited the remainder of its stake in Indian retailer Heritage foods to Azim Premji, chairman of Indian IT multinational Wipro, who has bought a 4.7% stake in the company.
Kotak, ICICI, Intel-backed MCX makes solid debut
Multi Commodity Exchange of India (MCX), the first Indian exchange to get listed, had a strong debut on Friday, with its shares closing up 26% on the Bombay Stock Exchange.
High India pharma valuations price PE firms out of the market
With strategic investors drawn to India’s rapidly growing pharma sector, private equity players must either go niche or get out
Kotak PE invests $25m in Minda Corporation
Kotak Private Equity Group (KPEG), part of Kotak Mahindra Group, has reportedly invested INR1.25 billion ($25 million) for a minority stake in automotive component firm Minda Corporation.
KKR, Temasek circle India’s TVS Logistics – sources
Private equity giant KKR and Singaporean sovereign wealth fund are among four PE investors said to be in talks to invest around $50 million in Indian logistics company TVS.
Kotak Realty reaps 25% return on Noida IT park sale
Kotak Realty Fund, the properties arm of Kotak Mahindra Bank, has reaped an IRR of less than 30% on the sale of its interest in a Noida-based information technology park.
Kotak Realty raises $98.2m for properties fund
Kotak Realty Fund has raised INR5.23 billion ($98.2 million) from domestic LPs for a fund that will provide high-yield debt instruments to real estate developers.
PE-backed Muthoot Finance seeks to raise $218m
Muthoot Finance, India’s largest gold-loan non-banking finance company (NBFC) plans to raise INR10 billion ($218 million) through the issue of listed retail non-convertible debentures (NCDs). It would follow four rival NBFCs, including Mannapuram Finance...
India's TVS raises $110m for growth fund
TVS Capital Funds, an India-based private equity firm, is reportedly planning to raise up to INR5billion ($110.3 million) for an add-on fund.
SEAF commits capital to Indian cotton seed processor
Small Enterprise Assistance Funds (SEAF), the Washington-based private equity firm, has made an investment in Abhay Cotex Private Limited (ACPL), an Indian firm that processes cotton seeds for use in animal feed.
Kotak Mahindra applies for Singapore office
India’s Kotak Mahindra Bank, whose parent has been an active private equity investor, is looking to open its first overseas branch, in Singapore.
Indian infra sees international activity
In the last week, both foreign and domestic firms have made significant moves dedicated to the Indian infrastructure space. UK headquartered private 3i has participated in the build-operate-and-transfer (BOT) road projects operated by KMC Constructions,...
Metmin plans exit as Tecpro goes IPO
Indian private equity investor Metmin Investments is planning a partial exit on a five-year investment in Tecpro Systems Ltd., the Indian bulk solids handling company also invested by Avigo Capital, Credit Suisse, Kotak Mahindra Capital and the Macquarie...