One of Adia’s longest-running India partnerships just got bigger

Adia is writing another large check in India — this time in its property market. A wholly owned subsidiary of the Abu Dhabi sovereign wealth fund anchored a USD 1 bn investment vehicle for India’s Kotak Alternate Asset Managers, CNBC TV18 reports.

The details: Adia’s contribution came in at upwards of USD 675 mn. The fund is the 14th real estate fund for Indian financial services conglomerate Kotak Mahindra Group’s investment arm, and the sixth Kotak real estate play that Adia has invested in.

Next up: The fund will focus on providing growth and development financing across residential, commercial, and other real estate segments in major Indian cities.

Adia has been expanding its India portfolio in recent years. Back in 2024, it announced plans for a USD 4-5 bn fund in Gujarat International Finance Tec-City, and last year saw it back both Indian digital stockbroker Groww’s and Bengaluru-based solar manufacturer Emmvee Photovoltaic Power’s IPOs. Wider UAE-India cooperation received a boost in January, as the two sides pledged more collaboration, including on trade and investments.

ICYMI- The investment comes just days after Adia participated in Indian precision equipment manufacturer KRN Heat Exchanger’s qualified institutional placement.