Abu Dhabi Investment Authority commits $500 million for Kotak's AIF

The fund will target both pre-stress as well as distressed opportunities

Kotak Investment Advisors (KIAL) on Thursday announced the launch of the Kotak Special Situations Fund, anchored by a $500-million commitment from a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA). Kotak has committed $100 million.

“A few more investors have shown interest in the fund and we are in the discussion stage now,” Srini Sriniwasan, Managing Director and CEO, Kotak Investment Advisors told Business Standard. The fund will target both pre-stress and distressed opportunities, with a key focus on providing financial support to pre-stress businesses to prevent them from entering insolvency. Sriniwasan said it will be a sector-agnostic fund as the