Naozad Sirwalla

KRF is an active, opportunistic manager which invests across a broad spectrum of real estate sectors and geographies, aiming to produce long-term capital appreciation through a proactive investment strategy which leverages growth, risk mitigation and financial engineering. They seek to invest in “best positioned” opportunities to capitalize on the forces driving Indian real estate. The firm focuses on projects that generate scalable, sustainable and risk-adjusted returns through a strategy that involves: investing in or alongside professional developers, who develop assets complying with global quality standards in India; opportunistically investing in a broad range of assets in high growth cities; focusing on value enhancement; leveraging transactions at the project level and formulating clear exit strategies at the time of investment. They proactively select investments, conducting on-ground research, analyzing growth drivers and monitoring developments, which they align with the microeconomics of the region. Investments are generally growth-stage and development focused. Due to legal, political and execution risks, they provide for an adequate margin of safety by performing due diligence and using conservative assumptions in projecting cash flows, scenario analysis and financial engineering. KRF believes in prudent use of debt and utilizes their network to assist investee companies to obtain financing arrangements on better market terms. They invest through a multi-layered process involving deal sourcing, analysis, structuring and monitoring real estate projects across the investment horizon. They primarily source transactions through their relationships, their network and Kotak Mahindra Group's operating platform. The firm conduct appropriate assessments and due diligence on all aspects of potential transactions including exploring structuring options for the transactions to derive maximum value for investors, addressing taxation and repatriation issues and ensuring that tax / regulatory impacts on the transactions are suitably addressed at inception.

Kotak Private Equity invests in middle market companies located in India. The firm focuses on a broad range of sectors and industries. It provides financing for early and later stage capital requirements.

Provides asset management services