Kotak Credit Opportunities Fund Hits ₹1,200 Cr First Close, Sets Record For India’s Largest Debut Performing Credit AIF

Mumbai: Kotak Mahindra Asset Management Company (KMAMC) has made a big start with its new credit-focused fund. The Kotak Credit Opportunities Fund has raised over Rs 1,200 crore in its first close. This is the highest first close ever by a performing credit Alternative Investment Fund (AIF) in India.

The fund attracted a wide range of investors. These include high net worth individuals, ultra HNIs, family offices, company treasuries, and institutions. After crossing the Rs 1,200 crore mark, KMAMC has now activated the greenshoe option. The total target size of the fund is Rs 2,000 crore, including this greenshoe.

This strong response shows that investors trust KMAMC’s private credit strategy and its ability to manage such funds well. The goal of the fund is to support growing companies in India. It will invest in businesses that have steady income and a good track record.

The fund plans to help companies that want to expand manufacturing, improve productivity, or combine their operations. It is registered with SEBI as a Category II AIF. The investment team will focus on building a portfolio that fits long-term industry trends. They will use Kotak AMC’s knowledge and strong network across sectors.

Saurabh Tripathi, the Chief Investment Officer for Private Credit at Kotak Mahindra AMC, said private credit is becoming more popular both in India and globally. He believes the fund will meet the needs of both growing businesses and investors looking for new investment options.

KMAMC is part of Kotak Mahindra Bank. It already runs other funds under Category II and III AIFs. This new fund is another step in expanding its presence in the private credit space.