Kotak Investment Advisors raises $1.25bn

The Mumbai-based investment firm has held a first close for its Strategic Situations Fund II.

Fund name: Kotak Strategic Situations Fund II
Amount raised: $1.3 billion
Stage of fundraising: first close
Predecessor fund: Kotak Special Situations Fund

Kotak Investment Advisors has held a first close on $1.3 billion for Kotak Strategic Situations Fund II.

Capital raised for the fund will be used to provide both equity and debt capital, as well as hybrid capital in growth and value companies with a sector-agnostic approach. The fund is targeting a final close on $1.6 billion.

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