Kotak Investment Advisors raises $500m from ADIA for India-focused, $1b real estate fund

Kotak Investment Advisors Ltd (KIAL), the alternative assets arm of Kotak Mahindra Group, which is backed by one of Asia’s richest bankers Uday Kotak, on Tuesday said it has secured $500 million from a subsidiary of Abu Dhabi Investment Authority (ADIA) for its new $1 billion real estate fund.