Kotak Private Credit fund to raise up to Rs 2,000 cr to finance mid-mkt cos

Kotak Alternate Assets will raise upto Rs 2,000 crore in its Private Credit Fund to provide debt to mid-market companies. Niraj Karia, formerly with KKR, will lead Private Credit practice at the company.

The fund will have a diversified investment universe and be sector-agnostic. The Kotak Private Credit Fund’s size will be Rs 1,ooo crore with a greenshoe option to raise another Rs 1,000 crore.

The fund will focus on the performing credit space, providing debt to growth-oriented companies with established business models in the mid-market space to secure mid to high teen returns, the company said in a statement.

Kotak Investment Advisors