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Kotak raises $1 billion for Special Situations Fund
short by Pragya Swastik / on Monday, 12 August, 2019
Kotak Special Situations Fund, that looks to target non-performing asset (NPA) opportunities, on Monday announced its final close with total commitments of $1 billion from investors. Launched in February 2019, the fund received a $500 million pledge from Abu Dhabi Investment Authority (ADIA). The fund will be managed by Kotak Investment Advisors Ltd.
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