Kotak Alternate Asset Managers was set up in early 2005 and has raised, managed, and advised different asset classes including private equity, real estate, infrastructure, special situations, data centre, and private credit.
L&T Infotech on July 4 said it is targeting to double its revenues in the next three to four years through acquisitions and organic growth
Country's oldest asset reconstruction company Arcil has blamed an "overheated market" for its slow pace of snapping up bad assets in recent years, but asserted that it will regain its past eminence by focusing on mid-cap deals and undertake a fundraising exercise this fiscal.
He said the Kotak Group is committing its own USD 75 million and the total amount of USD 525 million will be invested by the fund in the asset reconstruction space, which has witnessed greater attention recently.
CPPIB and the Indian financial services conglomerate, along with its asset reconstruction arm, Phoenix ARC, plan to invest in asset sales by banks with the aim to restructure, recover and turnaround companies in distress.
In last three years there has been a major rally in fixed income according to Gaurang Shah, Group Head, Asset Management & Life Insurance of Kotak Mahindra Group. He told CNBC-TV18 that globally, investors are more interested in fixed income.
Looking to further expand operations, Kotak Mahindra group is looking for potential acquisition targets in banking, asset management, broking and other areas of financial services sector and hopes to strike a deal this year.
Citigroup today appointed Vikram Sud as head of Operations and Technology (O&T) for the Asia Pacific region. He joins Citi from Kotak Mahindra where he served as Group COO since 2006.