Kotak Yield & Growth Fund Targets ₹5,000 Cr Corpus

Kotak Alternate Asset Managers Limited has announced the first close of the Kotak Yield & Growth Fund, a Category II AIF with a target corpus  of INR 5,000 crores. The first close of INR 3,900 crores (USD 430 million) represents the largest ever domestic private credit fundraise in the Indian market, supported by strong participation  fr om domestic family offices, Ultra High-Net-Worth Individuals (UHNIs), and leading Indian  insurance companies. 

 focused on  delivering attractive risk-adjusted returns through a blend of stable yield generation Assets and  selectThe Kotak Yield & Growth Fund is anchored in a differentiated investment strategyive growth opportunities. The sector-agnostic fund targets cash-flow-positive assets, mid  to large-sized enterprises with strong governance practices. Its investment philosophy is guided  by rigorous underwriting, disciplined portfolio construction, and a steadfast emphasis on capital  preservation. 

Srini Sriniwasan, Managing Director, Kotak Alts said, “This first close is particularly significant as  it marks the first time Kotak Alts has raised a fund in the domestic market from Indian investors. This has also exemplified the synergy that Kotak group has as the fund has solely been raised by  Kotak Private Banking relationships. Historically, our strategies have been predominantly  supported by global institutional investors. With this fund, we bring the same institutional-grade  rigor, governance, and discipline that Kotak Alts has developed over two decades of consistent  performance to a domestic investor base.” 

Amit Jain, Chief Executive Officer, Kotak Yield & Growth Fund added, “The strong response to  our first close reflects deep investor confidence in Kotak Alts’ investment philosophy, risk  management framework, and execution capabilities. In an evolving credit environment, investors  increasingly seek predictable income with downside protection. The Kotak Yield & Growth Fund  is well positioned to meet this demand through a disciplined and opportunity-driven approach.” 

The fund aims to leverage India’s expanding private credit landscape while maintaining Kotak  Alts’ hallmark focus on robust underwriting, cash-flow-positive businesses, and clearly defined  exit pathways.