Kotak Investment Advisors Limited (KIAL) on February 14, 2023, announced the first close of Kotak Data Centre Fund (KDFC). Domiciled in Gujarat’s GIFT City, the India-dedicated Data Centre Fund raised $590 million of the targeted $800 million corpus, and will invest in building data centre capacity across the country.
KDFC will be the first India-focused data centre fund to partner with data centre operators to tap the fast-growing digital infrastructure opportunity in the country.
Rahul Shah, executive director, Kotak Investment Advisors Limited, said: “The current data centre capacity in India is significantly lower than the fast growing requirement. Being a high capex industry requiring significant capacity build up, we believe that there is a significant equity investment opportunity to back partners in creating capacities. We will provide strategic risk capital to our partners at scale and participate in their success while providing value-added support.”
Srini Sriniwasan, managing director, Kotak Investment Advisors Limited, said: “India is on the cusp of a data revolution. Digital Infra being built as a public good along with 5G roll out, Indians will be data-rich before being financially rich. Data centres are, therefore, at the core of country’s Digital India ambition.”
KIAL, a part of Kotak Mahindra Group, focuses on alternate assets management and investment advisory businesses. KIAL was set up in early 2005 and has raised/managed/advised over $ 7.5 billion across different asset classes, including private equity, real estate, infrastructure, special situations and listed strategies. KIAL also has a significant investment advisory business, and all asset management and investment advisory businesses are managed by independent teams.
