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Kotak Investment Advisors targets $1.5bn

The Indian financial services conglomerate is targeting acquisition funding and strategic situations on the growth side.

Fund name: Kotak Strategic Situations Fund
Amount raised: $1 billion
Target size: $1.5 billion
Time on the road: Three months
Predecessor fund: Kotak Special Situations Fund ($1 billion)

Kotak Investment Advisors is targeting $1.5 billion for Kotak Strategic Situations Fund. The fund has a primarily focus on strategic situations on the growth-oriented companies. The fund will be sector-agnostic and is looking at the second half of this year for the first close.