Fund draws commitments from institutions, family offices and UHNIs across India
FinTech BizNews Service
Mumbai, 23 September 2026: Kotak Alternate Asset Managers Limited (“Kotak Alts”), the alternative asset management arm of the Kotak Mahindra Group, has announced the final close of the Kotak Yield & Growth Fund (KYGF) at Rs5,000 crore, raised entirely from domestic investors.
KYGF grew from a first close of Rs3,900 crore in February 2026 to Rs5,000 crore at final close, with commitments from institutional investors, family offices and Ultra High-Net-Worth Individuals (UHNIs) across India. The fund’s entirely domestic investor base reflects the growing role of Indian capital in the country’s expanding private markets ecosystem.
KYGF is a Category II AIF that seeks to deliver attractive risk-adjusted returns through a combination of stable yield-generating assets and selective growth opportunities. The sector-agnostic fund will invest in cash flow-generating businesses, real assets and mid-to-large-sized enterprises with strong governance practices.
Eshwar Karra, Deputy Managing Director, Kotak Alternate Asset Managers Limited, said, “The final close reflects the growing relevance of private credit and real assets in institutional portfolios and the confidence investors have placed in Kotak Alts’ capabilities. We will remain focused on identifying high-quality opportunities and building a portfolio of cash flow-generating assets through structured credit solutions.”
Amit Jain, CEO Real Assets, Kotak Alts, said, “Raising ₹5,000 crore entirely from domestic investors is a strong endorsement of Kotak’s Private Credit and Real Assets franchise and of the opportunity India presents. The final close is an important milestone, but the real work begins now: deploying this capital responsibly and delivering strong risk-adjusted returns for our investors.”
With the final close completed, Kotak Alts will focus on deploying the fund’s capital across private credit, real assets and selective growth opportunities.
