# Kotak Alternate Asset Managers

Kotak Alternate Asset Managers is an Asset Manager based in Mumbai, India.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 2005
- **Assets under management:** $5B–$10B (Altss estimate)
- **Website:** alternateassets.kotak.com
- **LinkedIn:** https://www.linkedin.com/company/kotak-investment-advisors-ltd

## Regulatory record

- **CRD number:** 317952
- **SEC file number:** 801-127639
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2025-08-25T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/317952

## About

Kotak Alternate Asset Managers is an SEC-registered investment adviser in MUMBAI, registered since 2023. The firm manages $20.2 billion in assets, with $5.5 billion managed on a discretionary basis. It has 214 employees and 44 investment advisers.

## Sectors

- Financial Services
- Real Estate
- Infrastructure
- Private Credit
- Enterprise Software

## People

- S. Sriniwasan — Managing Director & CEO

## Questions

### Who runs investment decisions at Kotak Alternate Asset Managers?

S. Sriniwasan is the Managing Director and CEO with oversight across the private equity, real estate, and credit verticals. Each strategy has dedicated fund heads reporting into Sriniwasan, with investment committee sign-off integrating the parent bank's risk framework. The firm draws on Kotak Mahindra Bank's full investment-banking and distribution infrastructure for origination and exits.

### How does Kotak Alternate source deals compared to an independent Indian fund?

The parent-company network is the structural moat. Kotak Mahindra Bank's corporate banking and investment banking verticals generate a proprietary origination funnel across mid-market India, feeding the alternatives platform deal flow that independent managers must source through external advisors or auction processes. This embedded distribution gives Kotak a first-look advantage on capital-market transactions — CBLO, acquisition financing, and promoter restructuring — that originate inside the broader bank ecosystem.

### What is the firm's posture on co-investments alongside external GPs?

Kotak Alternate primarily originates its own deals but has participated in co-investment sidecars alongside global GPs targeting Indian exposure. The firm's dedicated managed-account structures allow international allocators to co-underwrite direct Indian deals through Kotak's onshore execution and servicing. The manager has also selectively joined club deals led by bulge-bracket Asia funds when the transaction size exceeds its fund limits or requires consortium risk-sharing.

### Which sectors does Kotak Alternate explicitly avoid?

The firm explicitly excludes early-stage venture capital from its private equity mandate, maintaining no dedicated seed or Series A fund. Sectorally, the manager has historically avoided heavy-manufacturing buyouts and upstream commodity extraction, concentrating instead on Indian domestic-demand themes — financial services, healthcare delivery, consumer brands, and urban infrastructure. The credit strategy has a stated avoidance of promoter-related financing without hard-asset coverage.

### How are Kotak Alternate's funds structured for international allocators?

International LP commitments flow through Mauritius and Singapore feeder vehicles that pool into the domestic SEBI-registered AIFs. These offshore vehicles offer dollar-denominated access with treaty-benefit structuring for tax efficiency. The firm has historically raised commitments from Asian family offices, European pension funds, and North American endowments allocating dedicated India exposure through managed accounts rather than blended emerging-market vehicles.

## Related profiles

- [Kost Capital](https://altss.com/profile/kost-capital)
- [Koyamaki Ventures](https://altss.com/profile/koyamaki-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/kotak-alternate-asset-managers

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