HedgeCo.Net — Kotak Alternate Asset Managers hit final close of its Kotak Yield & Growth Fund on September 23, 2026 at ?5,000 crore (about $522 million), entirely from Indian domestic investors, according to DealStreetAsia and Moneycontrol. The Category II AIF targets private credit, real assets, and selective growth / cash-flow businesses.
A first close of ?3,900 crore was recorded in February 2026, with an additional ?1,100 crore raised through final close. LP capital was described as 100% domestic, spanning institutions, family offices, and UHNIs.
For allocators tracking India private-credit and real-asset fundraising, the hard marks are the ?5,000 crore / ~$522 million final close, September 23 announcement, February 2026 ?3,900 crore first close, +?1,100 crore to final, Category II AIF mandate, and fully domestic LP base. Do not invent strategy IRRs, leverage bands, or named LPs beyond what was published.
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