Kotak Investment Advisors announces the permanent closure of the Kotak pre-IPO Opportunities Fund

Kotak Investment Advisors Limited (KIAL) today announced that it has successfully closed its first Kotak Pre-IPO Opportunities Fund, raising Rs 2,000 crore. The pre-IPO fund will invest in a range of new-age, late-stage India-focused companies with a strong technological moat.

The Kotak Pre-IPO Opportunities Fund has already made investments worth Rs 653 crore in 5 deals and has further deals worth Rs 405 crore at various stages of valuation and execution. Some of the investments made so far by the fund include API Holdings, the parent company of PharmEasy, Pine Labs, Mobile Premier League, PB Fintech (Policy Bazaar) and FSN Ecommerce (Nykaa).

Srini Sriniwasan, Managing Director of Kotak Investment Advisors Limited, said, “The rapid pace of digital adoption by individuals, SMEs or enterprises has opened up the opportunity for the technology ecosystem to respond with unique business models and scalable with significant long-term growth potential. .

Kotak Pre-IPO Opportunities Fund allows our investors to participate in this growth story as these companies enter the public markets over time.

Srikanth Subramanian, CEO, Private Wealth – Investment Advisory, Kotak Investment Advisors Limited, said: “There has been plenty of supply from tech-focused companies looking to get in on the short term and we have carefully curated a good portfolio. of funds. We will stick to the discipline of choosing the right company at the right price.

Investors in the fund include several family offices such as Catamaran, the family office of NR Narayana Murthy and Skywalker, the family office of Rubamin Group. The Kotak Pre-IPO Opportunities Fund will target high quality companies across all sectors, particularly with a strong focus on technology, a robust unit economy, scalable business models and exit visibility.

The focus will be on technology-driven companies, including technology-driven companies in traditional industries.

Kotak Pre-IPO Opportunities Fund is established as an alternative investment fund under SEBI regulations, managed by Kotak Investment Advisors Limited, the alternative asset management arm of the Kotak Mahindra Group.

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Posted: Tuesday, January 18, 2022, 1:42 PM IST

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