Kotak Alternate Asset Managers-backed KSSF ll completed the investment in Biorad Medisys for INR4b.

Kotak Alternate Asset Managers-backed KSSF ll, a vintage credit special situations fund, completed the investment in Biorad Medisys, a medical device company, for INR4b. “The Indian medical devices industry is at an inflexion point, with increasing demand for quality healthcare along with the Government’s support for domestic manufacturers through the ‘Make in India’ campaign. We believe that Biorad Medisys is well poised to capture this growth over the coming years,” Eshwar Karra, Kotak Strategic Situations India Fund CEO.