Kotak arm hopes to close its $2-billion fund in 6 months

Kotak Investment Advisors is set to launch its largest-ever fund, the $2 billion Kotak Strategic Situations Fund III, with a first close expected by March and final close by June. Building on past successes, the fund will invest in strategic opportunities across equity, debt, and hybrid instruments. Existing investors are participating, alongside strong interest from new global institutions.