Kotak Alternate Asset Managers, the alternative assets division of the Kotak Group, has successfully closed its 14th real estate fund, accumulating approximately $1 billion. This fund received significant backing from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), which made an anchor commitment exceeding $675 million. Notably, it marks the first investment by the National Pension Service of the Republic of Korea (NPS Korea) into Indian alternative assets.
ADIA’s commitment represents its sixth consecutive investment in Kotak Alts’ real estate platform, emphasizing a decade-long relationship that showcases the global investor’s enduring confidence in Kotak’s underwriting practices and capacity to deliver consistent returns throughout various market conditions.
With over $1 trillion in assets under management, NPS Korea’s inaugural commitment to Indian alternative assets reflects the increasing sophistication of India’s institutional investment landscape and highlights the global reputation of Kotak’s investment platform, as indicated by Kotak Alts.
The primary objective of the real estate fund is to facilitate growth and development financing. It aims to deploy capital across several key real estate sectors, such as residential developments, commercial projects, and other specialized real estate areas in major Indian cities.
“NPS Korea’s first commitment to our platform, particularly for a strategy focused on India in these volatile times, serves as a significant validation,” stated Srini Sriniwasan, Managing Director at Kotak Alts.
Vikas Chimakurthy, CEO of Kotak Alts (Real Estate Fund), noted that this fund builds upon the institutional knowledge and insights gained from the previous 13 fund vintages. Since its establishment in 2005, Kotak Alts has raised, managed, and advised over $22 billion across various asset classes.
The announcement was made on June 3, 2026.
