Kotak Alts secures record ₹3,900 crore first close for private credit fund

The fundraise drew participation from home household places of work, extremely high-net-worth people and main Indian insurance coverage corporations.

Kotak Alternate Asset Managers Restricted introduced Thursday the first close of its Kotak Yield & Progress Fund at ₹3,900 crore ($430 million), marking the largest-ever home private credit fundraise in India. The Class II Various Funding Fund has a goal corpus of ₹5,000 crore.

The fundraise drew participation from home household places of work, extremely high-net-worth people and main Indian insurance coverage corporations. This represents Kotak Alts’ first fund raised totally from the home market by means of Kotak Private Banking relationships, departing from its historic reliance on international institutional traders.

The sector-agnostic fund targets cash-flow-positive property in mid to large-sized enterprises with sturdy governance practices. Its technique combines secure yield technology with selective development alternatives, emphasizing rigorous underwriting and capital preservation.

Srini Sriniwasan, Managing Director at Kotak Alts, mentioned the fund brings institutional-grade rigor developed over 20 years to home traders. CEO Amit Jain attributed the sturdy response to investor confidence within the agency’s danger administration framework and execution capabilities.

Kotak Alts, established in 2005 as a part of the Kotak Mahindra Group, has managed and suggested over $22 billion throughout private fairness, actual property, infrastructure, and private credit. The fund goals to capitalize on India’s increasing private credit market whereas sustaining concentrate on companies with clear exit pathways.

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Printed on February 12, 2026