The fund witnessed participation from High-Net-Worth Individuals, Ultra High Net Worth Individuals, family offices, corporate treasuries and institutional investors, reflecting strong investor interest in private credit as an emerging asset class. The successful close, above its initial target, underscores KMAMC’s disciplined investment approach and growing credibility in alternative assets, as well as its commitment to supporting India’s long-term growth with structured and solution-oriented capital.

Nilesh Shah, Managing Director, Kotak Mahindra AMC, commented, “The successful close of our maiden private credit fund marks an important milestone for our alternatives platform. The strong investor response reflects confidence in our investment philosophy and execution capabilities. We believe private credit will play an increasingly important role in India’s financing ecosystem as demand for flexible capital solutions grows.”

Sunit Garg, Chief Investment Officer, Private Credit at Kotak Mahindra AMC, added, “We are encouraged by the trust reposed in us by investors. Private credit is steadily emerging as a relevant complement to traditional financing, addressing the evolving capital needs of Indian businesses. With a focus on performing credit, our approach aims to combine downside protection with stable and predictable returns for investors.”

The fund has already deployed over 50% of its corpus across diversified sectors and will continue to invest in performing credit opportunities, providing tailored capital solutions to established Indian corporates and promoters.

Kotak Credit Opportunities Fund is a SEBI-registered Category II AIF focused on providing structured credit to businesses with a demonstrated operating track record. It leverages KMAMC’s institutional platform, sector insights and network to identify opportunities aligned with India’s growth trajectory while aiming to deliver risk-adjusted returns.

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Mumbai, 12th February 2026: Kotak Alternate Asset Managers Limited (“Kotak Alts”) today  announced the first close of the Kotak Yield & Growth Fund, a Category II AIF with a target corpus  of INR 5,000 crores. The first close of INR 3,900 crores (USD 430 million) represents the largest ever domestic private credit fundraise in the Indian market, supported by strong participation  from domestic family offices, Ultra High-Net-Worth Individuals (UHNIs), and leading Indian  insurance companies.

The Kotak Yield & Growth Fund is anchored in a differentiated investment strategy focused on  delivering attractive risk-adjusted returns through a blend of stable yield generation Assets and  selective growth opportunities. The sector-agnostic fund targets cash-flow-positive assets, mid  to large-sized enterprises with strong governance practices. Its investment philosophy is guided  by rigorous underwriting, disciplined portfolio construction, and a steadfast emphasis on capital  preservation.

Srini Sriniwasan, Managing Director, Kotak Alts said, “This first close is particularly significant as  it marks the first time Kotak Alts has raised a fund in the domestic market from Indian investors. This has also exemplified the synergy that Kotak group has as the fund has solely been raised by  Kotak Private Banking relationships. Historically, our strategies have been predominantly  supported by global institutional investors. With this fund, we bring the same institutional-grade  rigor, governance, and discipline that Kotak Alts has developed over two decades of consistent  performance to a domestic investor base.”

Amit Jain, Chief Executive Officer, Kotak Yield & Growth Fund added, “The strong response to  our first close reflects deep investor confidence in Kotak Alts’ investment philosophy, risk  management framework, and execution capabilities. In an evolving credit environment, investors  increasingly seek predictable income with downside protection. The Kotak Yield & Growth Fund  is well positioned to meet this demand through a disciplined and opportunity-driven approach.”

The fund aims to leverage India’s expanding private credit landscape while maintaining Kotak  Alts’ hallmark focus on robust underwriting, cash-flow-positive businesses, and clearly defined  exit pathways.

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