ADIA anchors Kotak Alts' 14th Real Estate Fund at final close

Kotak Alternate Asset Managers announced the final close of its 14th Real Estate Fund, anchored by a wholly owned ADIA subsidiary. The release describes ADIA's commitment as USD 675 million-plus and the aggregate fund close as approximately USD 1 billion; neither is an exact disclosed amount. This was an ADIA subsidiary's sixth consecutive commitment to Kotak's real estate platform. The fund provides growth and development financing across residential, commercial and other real estate in Indian cities.