Kotak eyes ₹800 cr more for credit fund

Kotak Mahindra Asset Management Company is targeting ₹800 crore more from wealthy individuals and firms for its new Kotak Credit Opportunities fund, after raising an initial ₹1,200 crore, Saurabh Tripathi, chief investment officer (CIO) at the company's private credit, said.

- Srushti Vaidya

Kotak Credit Opportunities fund, launched two months ago, lends to companies with stable cash flows, adequate scale, and some vintage. It funds companies for special situations like acquisitions, exits for financial investors and minority shareholders, warrant exercises, or corporate reorganizations, besides IPO-bound companies, and for family-owned busines