Cat II · Managed by Kotak Alternate Asset Managers
India's Leading Alternate Asset Manager
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Kotak Performing Re Credit Strategy Fund - Ii is a SEBI-registered Category II AIF and a real estate fund managed by Kotak Alternate Asset Managers Limited (KAAML), formerly known as Kotak Investment Advisors Limited (KIAL) — one of India's largest and most established alternative asset managers, with a 20-year track record and USD 18+ billion raised, managed, and advised across asset classes. KAAML is a wholly owned subsidiary of Kotak Mahindra Bank Limited (CIN: U65990MH1994PLC077472, incorporated 31 March 1994). Registered with SEBI in October 2018, this fund is associated with the India Office Assets Fund I — a USD 400 million dedicated commercial office development platform anchored by a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), with DivyaSree Developers as exclusive development partner and property advisor. KAAML acts as investment manager. The fund's strategy is to develop greenfield commercial office projects and acquire under-construction and completed assets across key commercial office markets in India (Bengaluru, Hyderabad, Mumbai, NCR). KAAML's broader real estate platform spans 12+ funds, having raised over USD 2.2 billion in real estate capital alone, and has received the IVCA Conclave 2024 'Best Performance of the Year: Real Estate Fund' award. The registered and operational address is 27 BKC, 7th Floor, Plot No. C-27, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400051.
S. Sriniwasan
Managing Director
S. Sriniwasan (Srini) is Managing Director of Kotak Alternate Asset Managers Limited and a member of the Kotak Mahindra Group Management Council. He founded the alternate asset management business in 2005 and has grown it to USD 18+ billion in AUM, making KAAML one of India's largest homegrown alternative investment managers. He oversees all asset classes including Real Estate, Infrastructure, Special Situations & Credit, Private Equity, Private Credit, and Investment Advisory. He has been with the Kotak Group since 1993, was part of the Kotak–Goldman Sachs investment banking joint venture from inception in 1995, and was co-head of Kotak Investment Banking until 2005. Key LPs include ADIA, GIC Singapore, British International Investment, and Allianz Germany. He is a Board member of APREA and Co-Chairman of the India Chapter, a member of the GRI India Governing Council, and a member of the Private Credit Council at EMPEA. He holds a BCom from Delhi University and an MBA from IMT Ghaziabad. Re-appointed as MD for a further three-year term from 1 October 2024 to 30 September 2027.
Rajeev Saptarshi
Chief Operating Officer & Whole-time Director
Rajeev Saptarshi joined Kotak Alternate Asset Managers Limited as the Chief Operating Officer in November 2013.
Vikas Chimakurthy
Senior Leadership (Private Equity)
Vikas Chimakurthy joined the Kotak Group in 1999 and has over 21 years of work experience in the financial services industry.
Chetan Shah
Executive Director, Kotak Realty Fund
Chetan Shah joined Kotak Realty Fund in 2018 as Executive Director, overseeing investments across all realty segments with special focus on residential mid-income and affordable housing. He has more than two decades of experience in real estate fund management, debt, and private equity. Prior to Kotak, he was a core team member at ASK Property Investment Advisors, where he managed multiple real estate funds (including an offshore fund) covering fundraising, deployment, monitoring, and exits, directly underwriting and monitoring over 20 investments. He has also worked at ICICI Bank (Corporate and Realty Finance), Hypo Real Estate International, and IL&FS. He is a Commerce Graduate from Mumbai University and a Chartered Accountant.
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Sonu Jalan
Executive Director – Kotak Realty Fund
Sonu Jalan joined the Kotak Group in 2006 and has over 20 years of professional experience.
Vithal Suryavanshi
Executive Director – Kotak Realty Fund
Vithal Suryavanshi was appointed Executive Director of Kotak Realty Fund by KAAML. He is part of the senior real estate investment team at Kotak Alternate Asset Managers Limited.
Eshwar Karra
Deputy Managing Director; CEO – Special Situations Fund
Eshwar Karra joined the Kotak Group in 2000 and brings with him over two decades of financial services experience.
Niraj Karia
CEO – Kotak Special Situations Fund
Niraj Karia leads the Special Situations and Credit platform at Kotak Alternate Asset Managers Limited.
Rajeev Agarwal
Deputy COO
With over two decades of dedicated service at Kotak Group, Rajeev has demonstrated exceptional leadership across various roles within Kotak, encompassing Finance,
Amit Jain
CEO – Real Assets
Amit Jain is a Partner at Kotak Alternate Asset Managers Limited and brings with him two decades of experience in the Indian Credit markets.
Pushkar Jauhari
CEO - Private Equity and Venture Capital
Pushkar brings 25 years work experience, with his recent role being with ValueQuest Investment Advisors. He was instrumental in building the private equity business at ValueQuest.
Tejal Shah
CEO - Private Client Investment Advisory Services
Tejal Shah holds a B.S. in Electrical Engineering from Duke University, USA, where he graduated Summa Cum Laude.
Rahul Chhaparwal
Managing Partner
Rahul has been with Kotak Special Situation Fund since inception and plays a pivotal role across all the facets of its operations.
Rahul Deshpande
Co-Head, Asset Management
Rahul joined Kotak in Sep 2015. He is responsible for end-to-end asset management of all real estate investments across all funds.
Dhiraj Rajendran
Partner
Dhiraj Rajendran is a Partner in the Private Equity business at Kotak Alternate Asset Managers Limited.
Riddhima Bhanushali
Partner – Real Assets
Riddhima Bhanushali is a Partner in the Real Assets team at Kotak Alternate Asset Managers Limited (Kotak Alts), with a focus on investment strategy,
Gaurav Sarayan
Partner
Gaurav Sarayan is a Partner at Kotak Alternate Asset Managers Limited, where he focuses on residential investments and strategic opportunities across the real estate platform.
Ankit Deora
Co-Head, Asset Management
Ankit Deora joined Kotak in July 2021. He is a seasoned credit professional with 15+ years of diverse experience in the areas of risk assessment.
Nishant Kumar
Head – Discretionary Solutions
Mr. Nishant Kumar has been associated with Kotak Group since October 2019. He has over 19 years of experience in the wealth management industry.
Dr. Ashish Ranjan
Director
Dr. Ashish Ranjan leads the firm's healthcare and life sciences private equity investment strategy through the Kotak Life Sciences Fund (KLSF).
Rupanjana Ray
Head – Human Resources
Rupanjana Ray is a strategic HR leader with over 20 years of experience across Banking, Financial Services, Capital Markets, and Alternate Assets. She leads the people agenda at Kotak Alternate Asset Managers.
Sanjay Mitra
Head of Legal, Compliance & Secretarial
Sanjay Mitra is Head of Legal, Compliance & Secretarial and also the Chief Risk Officer of the firm.
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