Kotak gets $500 mn commitment from SWF for stressed assets fund
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Kotak gets $500 mn commitment from SWF for stressed assets fund

By Beena Parmar

  • 28 Feb 2019
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Kotak gets $500 mn commitment from SWF for stressed assets fund
Credit: 123RF.com

Kotak Investment Advisors Ltd has floated a fund to invest in stressed assets and received a commitment of $500 million (Rs 3,560 crore) from an offshore investor after a failed deal with Canada Pension Plan Investment Board (CPPIB). The Kotak Special Situations Fund is being anchored by Abu Dhabi Investment Authority ......

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