Kotak Alternatives Arm launches maiden Data Centre Fund, aims to raise up to $1 billion

Kotak Alternate Assets, administered by Kotak Investment Advisors Limited, has launched the Kotak Data Centre Fund, which will focus on the data-backed digital economy, enterprise cloud, 5G and Internet of Things (IoT). The alternatives branch of the Kotak Mahindra Group intends to raise between $500 million (Rs 40 billion) and $1 billion through its first data centre platform.