Kotak Realty Fund is one of India’s leading private equity real estate funds with US$ 1.47 billionof aggregate capital commitments.
Established in 2005, we focus solely on investments in real estate and allied businesses across different asset classes and cities in India.
Our core strengths lie in having a deep understanding of the Indian real estate market, identifying trends ahead of the curve, investing with conviction & speed and managing our investments in a hands-on manner to create and realise long-term value for our investors.
- Kotak Realty Fund is a leader and one of the earliest entrants in the private equity real estate industry in India. Since establishment in 2005, we have raised US$ 1.47 billion in aggregate capital commitments and invested in 40 projects and companies across commercial office, residential, retail, industrial and hospitality sectors. Investing across asset classes gives us the edge in being able to take advantage of positive cycles in any real estate vertical.
- Kotak Realty Fund has generated exits of over US$ 604 million1 (83% of total investment value) with a gross IRR of approximately 19.1%2 and an investment multiple of 1.54x on exits across funds. We have returned the principal amount in 3 out of 4 domestic funds - KIREF-I (US$ 70 million vintage 2006), KIREF IV & V (US$ 74 million vintage 2011).
- With a disciplined investment strategy, we deploy capital prudently and patiently in search of the most compelling opportunities in the US$ 100 billion Indian Real Estate market. The funds under management are opportunistic funds and have a flexible investment approach.
- Kotak Realty Fund relies on its inherent strength of being part of a large diversified financial services group, to structure investments delivering better returns to investors. During our journey, we have pioneered financial structures for effective cash management and better tax efficiency that have been adopted subsequently by various global majors.
- Over the years, we have built long-standing relationships with our investors comprising domestic institutions, global institutions and private clients. As one of the oldest real estate private equity funds in India, focused on long-term value creation and growth, we are one of the select funds in India to have successfully completed the entire lifecycle of private equity investing.
- We take pride in having one of the most experienced and stable teams in the industry. The fund management team at Kotak Realty Fund has a unique blend of expertise in real estate, real estate private equity, financial advisory services, capital markets and financial markets.
- We are part of the Kotak Mahindra Group, one of India's leading and most respected diversified financial services institutions.
1As of 30th September 2015; For domestic funds, exit amounts have been converted at RBI reference exchange rate as of 30th September 2015 i.e. 1 USD = 65.74 INR and for offshore funds, exit amounts have been converted at the entry exchange rate of the respective investment
2Gross investment IRR before taxes, expenses and management fees