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Kotak Investment Advisors Achieves Final Closure of Kotak Pre-IPO Opportunities Fund

by Our Corresspondent - Jan 18, 2022
Kotak Investment Advisors Achieves Final Closure of  Kotak Pre-IPO Opportunities Fund, News, KonexioNetwork.com

Mumbai: Kotak Investment Advisors Limited (KIAL) today announced that it has  successfully closed its maiden Kotak Pre-IPO Opportunities Fund, raising Rs 2,000 crore. The Pre-IPO  Fund will invest in a range of India focused late-stage new-age businesses with a strong moat of  technology.  

The Kotak Pre-IPO Opportunities Fund has already made investments worth Rs 653 crore in 5 deals  and has another Rs 405 crore worth deals in various stages of evaluation and execution. Some of the  investments made so far by the fund include API Holdings, the parent company of PharmEasy, Pine  Labs, Mobile Premier League, PB Fintech (Policy Bazaar) and FSN Ecommerce (Nykaa).  

Srini Sriniwasan, Managing Director, Kotak Investment Advisors Limited said, “The swift pace of digital  adoption by individuals, SMEs or enterprises has opened up the opportunity for the tech eco-system  to respond with unique and scalable business models with significant long term growth potential.  Kotak Pre-IPO Opportunities Fund enables our investors to participate in this growth story as these  companies become part of public markets over time.” 

Srikanth Subramanian, CEO, Private Wealth - Investment Advisory, Kotak Investment Advisors Limited  said, “There has been an abundant supply of technology led companies looking to list in the near term  and we have carefully curated a good fund portfolio. We will stick to the discipline of picking the right  company at the right price.” 

The investors in the fund include several family offices such as Catamaran, the family office of Mr. NR  Narayana Murthy and Skywalker, the family office of Rubamin group. The Kotak Pre-IPO Opportunities  Fund will target high-quality companies across sectors, especially with a strong technology focus,  robust unit economics, scalable business models and exit visibility. The focus will be on technology 

oriented companies including technology-enabled companies in traditional industries.  

Kotak Pre-IPO Opportunities Fund is set up as an Alternative Investment Fund under SEBI regulations,  managed by Kotak Investment Advisors Limited, the alternate asset management arm of the Kotak  Mahindra Group.