KIAL To Raise Additional USD 500 M In Its Data Centre Platform


Kotak Alternate Assets, managed by Kotak Investment Advisors Limited (KIAL), has launched the Kotak Data Centre Fund, which will invest heavily in the data-driven digital economy, enterprise cloud, 5G, and IoT. (internet of things).

The Kotak group’s alternatives arm intends to raise $500 million (roughly Rs 4,000 crore) to $1 billion for its first data centre platform.

Subhamkar Das, a former vice president at Nxtra Data, has been appointed chief operating officer (COO) for managing and leading the data centre platform.

Subhamkar, who has around 24 years of experience, previously worked as a country business manager at Hewlett Packard Enterprise and as the data centre head at construction engineering firm Sterling and Wilson. He has contributed to the design of data centres, physical infrastructure, green buildings, energy-efficient data centres, and next-generation data centres.

KIAL, one of the most active domestic investors, is on a fundraising spree, launching multiple funds across sectors. This year, the Kotak investment arm is raising multiple funds and plans to venture into venture capital, venture debt, and buyouts.

KIAL received commitments from an Abu Dhabi Investment Authority (ADIA) subsidiary for its 13th $1 billion real estate fund two weeks ago. Canada Pension Plan Investment Board (CPP Investments), Canada’s largest pension fund manager, has also committed Rs 1,850 crore to the first close of Kotak Infrastructure Investment Fund (KIIF).

Kotak Pre-IPO Opportunities Fund announced its first close at Rs 1,386 crore in the middle of this year, and KIAL is also in the process of raising its second new fund.

KIAL, a subsidiary of the Kotak Mahindra Group, was founded in 2005 to focus on the alternate assets market. Over $6.8 billion has been raised/managed/advised across various asset classes, including real estate, private equity, infrastructure, special situations funds, and investment advisory, all led by independent investment teams.

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