Blackstone-backed ASK Alternates raises over ₹500 crore for second private credit fund
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Blackstone-backed ASK Alternates raised over ₹500 crore for its second private credit fund within five months, the company said on Tuesday (October 6).
- ✓Over 100 family offices and wealthy individuals joined the fund.
- ✓Shantanu Sahai said the raise reflected "investor interest in private credit and participation from both existing and new investors."
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
ASK Alternates, part of Blackstone-backed ASK Asset & Wealth Management Group, has raised more than $500 crore for its second private credit fund within five months of its launch, the company said on Tuesday (October 6).
The ASK Private Credit Fund - Series B has a target corpus of ₹1,000 crore, with a greenshoe option of up to ₹1,500 crore. More than 100 Indian family offices and ultra-high-net-worth individuals (UHNIs) have participated in the fundraise, according to the company.
Of the capital raised so far, around 30% has been called and is expected to be deployed across two transactions in the healthcare and entertainment sectors. ASK said it has a pipeline of opportunities across manufacturing, renewable energy, consumer and retail, and defence.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
cnbctv18
Read the full, original unfiltered story directly on the publisher's portal.