Allianz Investment Management partners with Kotak Investment Advisors
March 15, 2021
To invest in Indian private credit market Kotak Investment Advisors Limited (KIAL) and Allianz Investment Management SE (Allianz) – the investment management arm of Allianz Group have announced their partnership for investing in Indian private credit market.
In February 2021, Allianz made its maiden credit investment of $150 million in KIAL’s 11th Real Estate Debt Fund that achieved a closure of $380 million.
KIAL’s Real Estate Fund primarily focusses on financing early- and late-stage real- estate projects across geographies in India. Allianz’ total private credit investments in India so far is worth approximately $ 650 million and it is looking to increase it to $1 billion in 2021.
Kotak Investment Advisors (KIAL) and Allianz Investment Management SE (Allianz) – the investment management arm of Germany s Allianz Group - on Monday announced that they are partnering to invest in Indian private credit market. In February 2021, Allianz made its maiden credit investment of $150 million in KIAL’s eleventh Real Estate Debt Fund that achieved a closure of $380 million. KIAL’s Real Estate Fund primarily focuses on financing early- and late-stage real estate projects across geographies in India. Allianz’s total private credit investments in the country so far is worth about $650 million and it is looking to increase it to $1 billion in 2021, Kotak said.
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