Indian real estate fund raises $100 million

Kotak Mahindra Realty Fund has announced that its new Kotak India Real Estate Fund has closed its domestic tranche raising $100 million. It is a close-ended venture capital fund scheme under the SEBI Venture Capital regulations and has Kotak Mahindra Investments acting as the investment manager.Further commitments of $60 million have been received, and the fate of those additional pledges awaits regulatory approval.The Realty fund operates with a 2 and 20 fee structure and joins anoth…