Private Credit/Mid-market businesses, promoter financing, healthcare and special situations
Kotak Alternate Asset Managers — Private Credit logo

Kotak Alternate Asset Managers — Private Credit

Performing private credit fund research profile

Kotak Alternate Asset Managers is a multi-strategy India private-markets platform whose current private-credit mandate covers bespoke debt for established, cash-generative businesses. Its public materials describe acquisition finance, promoter financing, mezzanine, growth capital and bridge financing, with an emphasis on underwriting discipline, collateral and defined exit paths.

At a glance

Founded
2005
Footprint
Mumbai
Stage
Performing private credit, strategic situations and structured financing

Research profile

Read the manager in sequence.

Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.

Investment lens

Kotak Alternate Asset Managers — Private Credit uses a performing private credit, strategic situations and structured financing approach across Mid-market businesses, promoter financing, healthcare and special situations.

Current evidence

Kotak Alternate Asset Managers announced the first close of the Kotak Yield & Growth Fund at ₹3,900 crore against a ₹5,000 crore target in February 2026; the same period’s public record includes 2025 Tirupati Medicare deployment and 2024 Biorad Medisys deployment.

Strategy

Performing private credit, strategic situations and structured financing

Sector focus

Mid-market businesses, promoter financing, healthcare and special situations

AIF structure context

Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.

Current signal

Kotak Alternate Asset Managers announced the first close of the Kotak Yield & Growth Fund at ₹3,900 crore against a ₹5,000 crore target in February 2026; the same period’s public record includes 2025 Tirupati Medicare deployment and 2024 Biorad Medisys deployment.

Investor questions

Kotak Alternate Asset Managers — Private Credit research questions

What is Kotak Alternate Asset Managers — Private Credit's investment strategy?

Kotak Alternate Asset Managers — Private Credit is covered in Rupeia's private credit research universe. The current public record describes the strategy as Performing private credit, strategic situations and structured financing, with a sector focus of Mid-market businesses, promoter financing, healthcare and special situations. The profile should be read with the linked source trail and Typical route: Category II AIF context.

What portfolio evidence is available for Kotak Alternate Asset Managers — Private Credit?

The profile displays only company or asset names attributable to Kotak Alternate Asset Managers — Private Credit in the reviewed public sources: Biorad Medisys; Tirupati Medicare. It does not represent a complete current portfolio unless the manager has published one.

What is known about Kotak Alternate Asset Managers — Private Credit's performance or track record?

The public record confirms recent deployment rather than audited fund-level performance: KSSF II announced up to ₹400 crore for Biorad Medisys in May 2024 and ₹1,050 crore for Tirupati Medicare in March 2025. Kotak’s 2026 fund announcement cites an 18–20% platform return range and zero defaults, but this is a manager-level claim and not an independently audited fund IRR or DPI. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.

What are Kotak Alternate Asset Managers — Private Credit's fund size, fees and minimum investment?

Public fund size: Kotak announced a ₹5,000 crore target and ₹3,900 crore first close for the Kotak Yield & Growth Fund in February 2026. The Kotak Private Credit Fund had raised about $165 million as of March 31, 2024; separate strategic-situations capital is reported at about $2.87 billion across the platform as of FY24.. Public terms or access information: Sector-agnostic except real estate; focused on mid-caps with at least $10 million EBITDA or large groups with at least $500 million equity value. Current public material describes 8–12 investments and acquisition, promoter-financing, mezzanine, growth-capital and bridge structures; fees, carry and exact target return are not disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.

Who is on Kotak Alternate Asset Managers — Private Credit's investment team?

The current source record names Subramanian Srinivasan (Managing Director), Eshwar Karra (Managing Partner), Rahul Chhaparwal (Partner, Kotak Strategic Situations India Fund). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.

What risks should be reviewed before investing with Kotak Alternate Asset Managers — Private Credit?

Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: KYGF deployment; KSSF realised returns.

What is the latest public update on Kotak Alternate Asset Managers — Private Credit?

2026-02-12: Kotak Alternate Asset Managers announced the first close of the Kotak Yield & Growth Fund at ₹3,900 crore against a ₹5,000 crore target in February 2026; the same period’s public record includes 2025 Tirupati Medicare deployment and 2024 Biorad Medisys deployment.

Next step

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