<p>Kotak Investment Advisors has secured an anchor investment of $500 million from the Abu Dhabi Investment Authority (ADIA) for its 13th real estate fund, a $1 billion platform targeting real estate investments in the country.</p>.<p>With this new fund, Kotak Investment Advisors has raised, managed or advised more than $3.3 billion under its real estate fund series, the company said in a statement on Tuesday.</p>.<p>Vikas Chimakurthy, the chief executive of Kotak realty fund said the new fund is an opportunistic fund which can invest across various realty asset classes and capital stack -- both debt and equity.</p>.<p>They will primarily target investments in residential assets, he added.</p>.<p>With the first close of this fund, KIAL has raised around $1.5 billion in real estate across multiple strategies in the past 18 months or so.</p>.<p>Srini Sriniwasan, the Managing Director at KIAL, claimed that their realty fund has been a consistent performer over the past 17 years across cycles and strategies but he did not quantify the returns.</p>.<p>Mohamed AlQubaisi, an Executive Director at ADIA said, this one investment agreement extends our existing and longstanding relationship with Kotak.</p>.<p>Kotak Investment Advisors focuses on the alternate assets business since its launch in early 2005 and has since then raised/managed/ advised over $6.8 billion across different asset classes including real estate, private equity, Infrastructure, Special Situations, and Investment Advisory.</p>.<p>Established in 1976, the Abu Dhabi Investment Authority is a globally-diversified investment institution that invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.</p>
<p>Kotak Investment Advisors has secured an anchor investment of $500 million from the Abu Dhabi Investment Authority (ADIA) for its 13th real estate fund, a $1 billion platform targeting real estate investments in the country.</p>.<p>With this new fund, Kotak Investment Advisors has raised, managed or advised more than $3.3 billion under its real estate fund series, the company said in a statement on Tuesday.</p>.<p>Vikas Chimakurthy, the chief executive of Kotak realty fund said the new fund is an opportunistic fund which can invest across various realty asset classes and capital stack -- both debt and equity.</p>.<p>They will primarily target investments in residential assets, he added.</p>.<p>With the first close of this fund, KIAL has raised around $1.5 billion in real estate across multiple strategies in the past 18 months or so.</p>.<p>Srini Sriniwasan, the Managing Director at KIAL, claimed that their realty fund has been a consistent performer over the past 17 years across cycles and strategies but he did not quantify the returns.</p>.<p>Mohamed AlQubaisi, an Executive Director at ADIA said, this one investment agreement extends our existing and longstanding relationship with Kotak.</p>.<p>Kotak Investment Advisors focuses on the alternate assets business since its launch in early 2005 and has since then raised/managed/ advised over $6.8 billion across different asset classes including real estate, private equity, Infrastructure, Special Situations, and Investment Advisory.</p>.<p>Established in 1976, the Abu Dhabi Investment Authority is a globally-diversified investment institution that invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.</p>