# Kotak Alternate Asset Managers Limited

> Kotak Alternate Asset Managers Limited is an SEC-registered investment advisory firm in Mumbai, India, registered since 2023, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 30, 2026.

- CRD: 317952
- Filed as: KOTAK ALTERNATE ASSET MANAGERS LIMITED
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mumbai, India
- Filing period: October 2026
- Form ADV filing dated: June 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/317952
- AdvisorCensus page: https://advisorcensus.com/firm/kotak-alternate-asset-managers-limited-mumbai-317952

## Quick answers

**How is Kotak Alternate Asset Managers Limited compensated?**
On its Form ADV (Item 5.E, October 2026), Kotak Alternate Asset Managers Limited reports these compensation arrangements: a percentage of assets under its management.

**Where is Kotak Alternate Asset Managers Limited located?**
Kotak Alternate Asset Managers Limited's principal office is in Mumbai, India, according to its Form ADV; the July 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Kotak Alternate Asset Managers Limited registered with the SEC or a state?**
Kotak Alternate Asset Managers Limited is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 317952.

**How much does Kotak Alternate Asset Managers Limited manage?**
Kotak Alternate Asset Managers Limited reports $18,517,892,257 in regulatory assets under management in its Form ADV filing dated June 30, 2026 (21% discretionary).

**How have Kotak Alternate Asset Managers Limited's assets and staff changed since 2023?**
In the Form ADV data for Kotak Alternate Asset Managers Limited: Regulatory assets under management: $11,528,361,130 in the October 2023 data and $18,517,892,257 in the October 2026 data, up 61%. Total employees: 257 in October 2023 and 214 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Kotak Alternate Asset Managers Limited serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,181); corporations or other businesses not listed above (637); pooled investment vehicles (other than investment companies and business development companies) (27).

**Does Kotak Alternate Asset Managers Limited report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/317952

**Does Kotak Alternate Asset Managers Limited state an account minimum?**
Its Form ADV Part 2A brochure dated June 30, 2026 says: "In general, we require a minimum of USD 5 million to open and maintain an advisory account. At our discretion, we have waived, and may in the future waive, this minimum account size."

**What changed in Kotak Alternate Asset Managers Limited's recent Form ADV filings?**
In the July 2026 filing data: Employees performing advisory functions went from 44 to 50. Registered or notice-filed in LA, MA. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated June 30, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> In general, we require a minimum of USD 5 million to open and maintain an advisory account. At our discretion, we have waived, and may in the future waive, this minimum account size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $18,517,892,257
- Discretionary: $3,813,664,039
- Non-discretionary: $14,704,228,218

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 1,181 | $6,843,359,046 |
| Pooled investment vehicles (other than investment companies and business development companies) | 27 | $3,910,915,827 |
| Corporations or other businesses not listed above | 637 | $7,763,617,384 |

### Advisory services (Item 5.G)
- Other

### Firm details
- Registered since: 2023 (3 years)
- Employees: 214 total, 50 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, LA, MA, NJ, NY, PA, TX
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/317952

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Ahmedabad
- Bangalore
- New Delhi

### Websites listed on Form ADV (Item 1.I)
- [kotakalternateasset.com/investment-advisory](https://kotakalternateasset.com/investment-advisory)
- LinkedIn @kotakalt
- X @KotakAlts

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $11,528,361,130 | 257 | July 28, 2023 |
| October 2024 | $17,653,318,268 | 269 | June 26, 2024 |
| October 2025 | $20,238,710,393 | 313 | June 30, 2025 |
| October 2026 | $18,517,892,257 | 214 | June 30, 2026 |

Regulatory assets under management: $11,528,361,130 in the October 2023 data and $18,517,892,257 in the October 2026 data, up 61%.
Total employees: 257 in October 2023 and 214 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Employees performing advisory functions went from 44 to 50.
- Registered or notice-filed in LA, MA.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Kotak Alternate Asset Managers Limited (CRD 317952): Form ADV filing data as of October 2026.