Thursday 28 February 2019

#AbuDhabi's ADIA unit partners with India's Kotak Investment to launch fund | ZAWYA MENA Edition

Abu Dhabi's ADIA unit partners with India's Kotak Investment to launch fund | ZAWYA MENA Edition:

Abu Dhabi's sovereign wealth fund said on Thursday its subsidiary was launching a fund with India's Kotak Investment Advisors.

The fund will target a range of non-performing loan (NPL) opportunities in India, ADIA said in a statement.

The fund will "target both pre-stress and distressed opportunities, with a key focus on providing financial support to pre-stress businesses to prevent them from entering insolvency," it said.

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