Kotak PE to Raise New Fund Worth Up to $350m.

Kotak Mahindra's private equity fund is all set to raise its new fund of $300-350 million. It seems like the fund manager has hired placement consultant Guy Eugene to raise the money from global institutional investors.

Kotak Mahindra Group launched its alternative assets business in 2005 with different vehicles made to invest in pure play private equity, real estate and infrastructure, special situations and an equities fund. Till now, the group has invested a total of $2.5 billion across these asset classes.