Kotak Investment, Allianz Group tie-up for India's private credit market

Allianz's total private credit investments in the country is worth about $650 million and it is looking to increase it to $1 billion in 2021

Kotak Investment Advisors (KIAL), the fund manager of Kotak Mahindra Group and Allianz Investment Management — the investment management arm of Germany’s Allianz Group — said on Monday that they have tied up to invest in India’s private credit market.

In February 2021, Allianz made its maiden investment of $150 million in KIAL’s 11th real estate debt fund that achieved a closure of $380 million. KIAL’s real estate fund primarily focuses on fin­ancing early- and late-stage projects across India.

Allianz’s total private credit investments in the country is worth about $650 million and it is looking to increase it to $1 billion