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RETAIL FUNDS | Cesar Tordesillas, India
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Kotak raises $98.2M for properties fund

Kotak Realty raised $98.2 million from domestic LPs for a fund will focus on residential housing.

 

Through the fund, Kotak Realty will provide high-yield debt instruments to real estate developers.

In March, Kotak was said to be raising an up to $500 million fund, and would use a mixture of domestic and foreign LPs to capitalize it.

Kotak Realty Fund is said to manage $700 million across five funds.

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