Kotak Alternate Asset Managers (Kotak Alts) has clocked its first investment from the Kotak Yield and Growth Fund, marking the start of capital deployment following the fund’s first close in February 2026.
Kotak Alts has provided a secured structured credit facility of Rs 360 crore (about $38 million) to infrastructure developer Vishwa Samudra Group, per an announcement.
The loan will be used to support the group’s funding requirements for two highway projects being developed under the National Highways Authority of India, a public-private partnership framework used for road construction.
The facility is also expected to provide bridge capital to ensure timely project execution.
The two road projects are said to be nearing completion, making them suitable candidates for yield-oriented infrastructure financing.
Centrum Capital acted as the sole financial adviser to Vishwa Samudra Group on the transaction.
“The investment is aligned with our focus on NHAI-backed annuity assets sponsored by groups with demonstrated infrastructure execution capabilities,” said Amit Jain, CEO, Kotak Yield & Growth Fund, in a media statement.
“We continue to see demand for flexible credit solutions from high-quality businesses across infrastructure and allied sectors,” he added.
Kotak Alts hit first close of its Kotak Yield and Growth Fund at Rs 3900 ($430 million) in February. The fund is targeting a total corpus of Rs 5000 crore.
