Kotak group’s alternative assets unit Kotak Investment Advisors Limited (KIAL) has announced the first close of Kotak Strategic Situations Fund II IFSC (KSSF II), raising $1.25 billion (approximately ₹10,200 crore) to provide strategic solution capital across growth and value companies.
Domiciled in Gujarat’s GIFT City, KSSF II is a category II AIF (alternative investment fund) with a target to raise $1.6 billion corpus. The sector-agnostic fund will provide equity, debt capital and hybrid capital, KIAL said in a statement. A fund registered at the GIFT city is granted with special dispensations to AIFs to equip them with higher operational flexibility and help maintain tax efficiency.
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