Kotak Investment Advisors, Allianz Investment Management ink pact to invest in India’s private credit market March 15, 2021 × Allianz’ total private credit investments in India is about $650 mn; eyes increasing it to $1 bn in 2021 Kotak Investment Advisors Limited (KIAL) has entered into a partnership with Allianz Investment Management SE, the investment management arm of insurer Allianz Group, to invest in the 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 focuses on financing early- and late-stage real estate projects across the country.