Venture debt / Private credit · SEBI registry
Kotak Special Situations Fund
Debt / Venture debt · Private credit / Debt · Mumbai
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).
- Website
- www.kotakalternateasset.com
- Profile ↗
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).
Connect through iHub India
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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