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Venture debt / Private credit · SEBI registry

Kotak Special Situations Fund

Debt / Venture debt · Private credit / Debt · Mumbai

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At a glance

Stage focus
Debt / Venture debt
Primary sector
Private credit / Debt
City
Mumbai
HQ / office
Bandra Kurla Complex (BKC), Bandra East, Mumbai, Maharashtra
Fund registered
2018
Corpus (as reported)
US$1 billion final close (launched Feb 2019), anchored by a US$500m commitment from a subsidiary of the Abu Dhabi Investment Authority (ADIA).
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About

Kotak Special Situations Fund is a Category II AIF managed by Kotak Investment Advisors Ltd (now Kotak Alternate Asset Managers Ltd). It is one of India's leading special situations, credit and distressed-assets funds, making sector-agnostic strategic investments.

Investment focus

Special situations / distressed credit — sector-agnostic; non-performing loans, IBC/pre-IBC and distressed assets, investor take-out financing, group restructuring and promoter financing across real estate, healthcare, infrastructure, power, consumer, industrials, IT and financial services.

Cheque size

Large-cap institutional special-situations cheques (not disclosed publicly; fund I sized ~USD 1B-1.25B, ADIA-anchored). Not a small-ticket startup fund.

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “Cat II

  • IN/AIF2/18-19/0633

SIDBI Fund of Funds

None found — Indian govt FoF (SIDBI/FFS/Startup India) not involved. Fund was anchored by a USD 500M commitment from a subsidiary of Abu Dhabi Investment Authority (ADIA), a foreign sovereign wealth LP, not an Indian government/DFI program (https://www.business-standard.com/article/markets/abu-dhabi-investment-authority-commits-500-million-for-kotak-s-aif-119030100024_1.html)

Team & organisation

Not separately disclosed for the fund; part of Kotak Alternate Asset Managers special-situations vertical (multiple senior MDs/partners). Led by Eshwar Karra / S. Sriniwasan oversight.

Trust-structured Category II AIF (credit special situations) managed by Kotak Alternate Asset Managers Ltd (company-managed, multi-fund alternates platform within Kotak Mahindra Group).

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Frequently asked

What does Kotak Special Situations Fund invest in?
Special situations / distressed credit — sector-agnostic; non-performing loans, IBC/pre-IBC and distressed assets, investor take-out financing, group restructuring and promoter financing across real estate, healthcare, infrastructure, power, consumer, industrials, IT and financial services.
What cheque size does Kotak Special Situations Fund write?
As compiled from public sources: Large-cap institutional special-situations cheques (not disclosed publicly; fund I sized ~USD 1B-1.25B, ADIA-anchored). Not a small-ticket startup fund.
How do I pitch Kotak Special Situations Fund through iHub India?
Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

  • special-situations / distressed credit fund (Cat II) — not startup VC; rebrand: KIAL renamed Kotak Alternate Asset Managers Ltd

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.kotakalternateasset.com/strategic-situations-fund/; https://www.business-standard.com/article/markets/abu-dhabi-investment-authority-commits-500-million-for-kotak-s-aif-119030100024_1.html