Bengaluru, June 3 -- Kotak Alternate Asset Managers Ltd (Kotak Alts), the alternative assets arm of the Kotak Group, has achieved the final close of its 14th real estate fund at $1 billion, anchored by a $675 million commitment from a subsidiary of the Abu Dhabi Investment Authority (ADIA).

The fund has also secured a commitment from National Pension Service of Republic of Korea (NPS Korea), marking the pension fund's first investment in Indian alternative assets, Kotak said on Wednesday. ADIA's investment represents the sixth consecutive commitment from an ADIA subsidiary to its real estate platform.

The new fund focuses on providing financing support across residential, commercial and other real estate asset classes across key cities ...