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Kotak AMC marks first close of maiden performing credit fund

New Delhi, May 15 -- Kotak Mahindra Asset Management Company announced the first close of its maiden performing credit fund at Rs 1,200 crore ($140 million), according to a statement issued on Thursda... Read More


Fractional ownership platform Strata surrenders SM REIT license amid legal dispute

New Delhi, May 14 -- Strata, a fractional real estate ownership firm backed by Kotak Alternates and Elevation Capital, has surrendered its Small and Medium Real Estate Investment Trust (SM REIT) licen... Read More


Prabhudas Lilladher rolls out maiden private credit fund, sets sight on first close

New Delhi, May 13 -- Mumbai-based financial services firm Prabhudas Lilladher's asset management arm, PL Capital, has unveiled its maiden alternative investment fund, a performing private credit vehic... Read More


Property Share files draft papers for second SM REITlisting

New Delhi, May 8 -- Fractional ownership platform Property Share Investment Trust, led by former Blackstone executive Kunal Moktan and Hashim Khan, has filed the draft papers with the regulator to lis... Read More


Avendus hits halfway mark in first close for thirdprivate credit fund

New Delhi, May 8 -- Avendus PE Investment Advisors, the asset management arm of Avendus Group, said Thursday it has marked the first close of its third private credit fund after raising half of its ba... Read More


JSW Cement backer Synergy Capital hits first close of $1 bn private credit fund

New Delhi, May 6 -- Synergy Capital, a Dubai-based private equity fund manager set up by former ArcelorMittal executive Sudhir Maheshwari, has marked the first close of its latest Asia-focused private... Read More


Marriott makes first direct investment in India, picks stake in Fern Hotels operator

New Delhi, May 6 -- Global hospitality giant Marriott International Inc has made its first direct investment in India as it picked up a stake in hotels operator Concept Hospitality Pvt Ltd. Marriott ... Read More


UK's BII appoints former Omidyar Network partner to helm India ops

New Delhi, April 30 -- British International Investment (BII), the UK government-backed development finance institution, has appointed a former partner at impact investment firm Omidyar Network as its... Read More


Franklin Templeton marks first close of maiden India credit fund

New Delhi, April 29 -- Global asset manager Franklin Templeton's alternative investment arm, which manages its India alternatives business, has marked the first close of its maiden private credit fund... Read More


Piramal Alts bets on pharma company Saimirra Innopharm

New Delhi, April 29 -- Piramal Alternatives, the fund management unit of Piramal Group, said Tuesday it has invested about Rs 160 crore ($18.8 million) in Chennai-based Saimirra Innopharm Pvt Ltd thro... Read More