This fund will have a corpus of USD 1,000,000,000 (US Dollars One Billion only), secured through an investment of USD 500,000,000 (US Dollars Five Hundred Million only) from a wholly owned subsidiary of Abu Dhabi Investment Authority (“ADIA”), and is domiciled in Gujarat International Finance Tech City (“GIFT City”). DSK Legal assisted KIAL in, inter alia: reviewing, negotiating and revising the contribution agreement(s), investment management agreement and the trust deed and drafting and reviewing of all other ancillary documents related to the transaction. The team representing DSK Legal comprised of Mr. Hemang Parekh (Partner), Ms. Saumya Malviya (Senior Associate) and Ms. Sharmishtha Bharde (Associate).

Press coverage for the transaction:

https://www.deccanherald.com/business/business-news/kotak-realty-fund-gets-500-million-anchor-investment-from-adia-1162595.html https://www.ndtv.com/business/kotak-investment-advisors-raises-500-million-for-1-billion-real-estate-fund-3521452 https://www.businessinsider.in/business/news/adia-commits-500-mn-to-kotak-investment-advisors-1-bn-real-estate-fund/articleshow/95532819.cms https://www.financialexpress.com/industry/kotak-realty-fund-gets-usd-500-million-anchor-commitment-from-adia/2816098/ https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kotak-investment-advisors-secures-500-million-first-close-from-adia-for-1-billion-realty-fund/articleshow/95524430.cms https://www.moneycontrol.com/news/business/kotak-realty-fund-gets-500-million-anchor-commitment-from-adia-9532361.html https://www.livemint.com/companies/news/kotak-gets-50-commitment-from-adia-for-1-bn-real-estate-fund-11668498046003.html