Alternate assets player Kotak Investment Advisors, a subsidiary of Kotak Mahindra Bank, is set to launch an infrastructure fund. C Jayaram, executive director of Kotak Mahindra Bank, said the fund will invest in core infrastructure verticals such as roads, ports, airports and power. The move will mark Kotak’s entry into a third alternate asset. It currently manages two private equity funds that split $225 million between them and 3 real estate funds with total assets under management of $700 million. “It doesn’t make sense to have an infrastructure fund that is anything less than $1 billion,” said Jayaram, hinting at the magnitude of the fund. Going by this, Kotak will have around $2 billion under management in alternate assets once the infrastructure fund is launched. Jayaram refused to divulge the name of the person hired to independently head the infrastructure fund. “These days, till I see the person physically sitting in front of me, there are no guarantees,” he quipped. […]