Kotak Private Equity announced the launch of the Kotak India Focus Fund, an India-dedicated quasi private equity funds, which aims to invest in the listed mid-market equity space using a private equity approach. Kotak along with Principal Investment Manager propose to invest capital in the fund. The fund is looking to raise $200 mn from institutional investors and family offices. The approach towards investment will be to provide active post investment value add to investee companies. The fund will seek to provide advisory services with specific focus on mid-market companies – through financial advisory (capital re-structuring, fundraising) and strategic advisory (global industry trends / capital structures etc.). The fund is a 4+1 year closed-ended structure, with phased draw-downs and repayments.
Read the press release here. More on Kotak’s Fund at FINalternatives.com.
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