 "Kotak Mahindra Bank")
A Kotak Mahindra Bank arm is targeting to raise up to Rs 1,500 crore to invest in private equity and venture capital funds.
Kotak Investment Advisors (KIAL) said it is launching the Kotak India Alternate Allocation Fund (KIAAF), a 'fund of funds', which is targeting to raise Rs 750 crore with a greenshoe option of another Rs 750 crore.
It will invest across PE/VC funds in multiple sectors, including consumer, technology, healthcare and financials, and the money invested by it will be deployed for taking equity stakes in companies across multiple stages, KIAL said in a statement.
The alternate assets business of the
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