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.
Eshwar Karra, the firm’s CEO, told Mergermarket, AVCJ’s sister title, that a first close was targeted for September or October. He added that the investment focus will move to more growth-oriented...
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