The fund attracted investments from high net worth individuals, ultra HNIs, family offices, corporate treasuries, and institutions. With this milestone, KMAMC has triggered the greenshoe option.
The fund has a total target corpus of ₹2,000 crore, including the greenshoe.
This marks the largest first close by any performing credit AIF in India to date.
KMAMC sees this as a strong signal of investor confidence in its private credit strategy and fund management capabilities.
The Kotak Credit Opportunities Fund aims to provide solution capital to emerging corporates in India. It focuses on productive and growth-oriented businesses with stable cash flows and a proven track record.
The fund will invest in companies looking to scale manufacturing, boost productivity, or consolidate operations.
Saurabh Tripathi, Chief Investment Officer – Private Credit, Kotak Mahindra AMC, said, “Private credit is gaining ground globally and in India. We see strong demand for performing credit strategies, especially from emerging corporates. This fund serves both their capital needs and investors’ demand for alternative avenues.”
The fund is registered with SEBI as a Category II AIF. It will build a portfolio aligned with long-term industry trends, using Kotak AMC’s deep sectoral knowledge and network.
KMAMC is a wholly owned subsidiary of Kotak Mahindra Bank. It manages various investment strategies under Category II and III AIFs.
