This is the 12th real estate-focused funding garnered by the investment banking firm so far. : Kotak Investment Advisors Ltd (KIAL) on Monday closed its latest real estate fund after raising $590 million. Abu Dhabi Investment Authority (ADIA), through its subsidiary, has invested in the fund. This is the 12th real estate-focused funding garnered by the investment banking firm so far. The transaction took place in Gift City in Gujarat. With this closure, KIAL has raised, managed or advised more than $2.8 billion under its real estate fund series, of which $1 billion alone was raised in the last year.