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News18•06-10-2026, 16:15
ASK Alternates Raises Rs 500 Crore For Second Private Credit Fund
  • •ASK Alternates raised Rs 500 crore for its second private credit fund within five months of launch, targeting a total corpus of Rs 1,000 crore.
  • •Over 100 investors, including Indian family offices and Ultra High Net-worth Individuals, have committed funds alongside existing investors.
  • •Around 30 per cent of the raised capital is expected to be deployed across two transactions in the healthcare and entertainment sectors.
  • •The fund's investment pipeline also spans manufacturing, renewable energy, consumer and retail, and defence industries.
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Key Questions Answered

ASK Alternates has raised Rs 500 crore for its second private credit fund within five months of launch, targeting a total corpus of Rs 1,000 crore.

Over 100 investors, including Indian family offices, Ultra High Net-worth Individuals (UHNIs), and existing participants in ASK's private credit strategy, have committed money to the fund alongside multiple distribution partners.

Around 30 percent of the raised fund is expected to be deployed across two transactions in the healthcare and entertainment sectors, with an additional pipeline spanning manufacturing, renewable energy, consumer and retail, and defence.

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The company said around 30 per cent of the fund raised is likely to be deployed across two transactions in the healthcare and entertainment sectors.

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