India-based Kotak Investment Advisors Ltd, a real estate investment arm of lender Kotak Mahindra Bank Ltd, intends to secure $500 million to $1 billion across five new private equity (PE) and venture capital (VC) funds.
The funds are expected to be inaugurated over the next year. Of the five new funds, two will be real estate funds, which will inject in conventional real estate projects and the niche affordable housing segment.
Kotak Investment Advisors is also aiming to float a second private investment in public equity fund, which would be a successor to the India Whizdom Fund.
Additionally, the firm is also seeking to secure a life sciences fund. Kotak Investment has had preliminary discussions with some backers on the life sciences fund.