New Delhi, May 15 -- Kotak Mahindra Asset Management Company is targeting an additional Rs.800 crore from wealthy individuals and firms for its new Kotak Credit Opportunities fund, after raising an initial Rs.1,200 crore, Saurabh Tripathi, chief investment officer (CIO) at the company's private credit, said.

Kotak Credit Opportunities fund, launched two months ago, lends to companies with stable cash flows, adequate scale, and some vintage. It funds companies for special situations like acquisition financing, exits for financial investors and minority shareholders, warrant exercises, or corporate reorganizations, IPO-bound companies, and family-owned businesses undergoing settlements.

It stays away from lending to companies where the de...