New Delhi, Oct. 2 -- Kotak Alternate Assets Managers Ltd is looking to raise a $2 billion fund-Kotak Strategic Solutions Fund (KSSF) III-to provide loans or structured credit to Indian companies.

The Kotak Mahindra Group's private equity arm plans to lend Rs.800-1,000 crore to 12-15 growth-stage companies seeking tailored credit solutions, Easwar Karra, the firm's deputy managing director, said in an exclusive interview with Mint.

The asset manager is in talks with global investors, including sovereign wealth funds and pension funds, in line with its previous strategies. This time, however, it also plans to raise a portion of the corpus from domestic institutions. Its KSSF I and II were sized at $1 billion and $1.5 billion, respectively...