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Blackstone-backed ASK Alternates Raises Over 500 Crore For Second Private Credit Fund
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CNBC TV18•06-10-2026, 13:55
Blackstone-backed ASK Alternates Raises Over 500 Crore For Second Private Credit Fund
- •ASK Alternates raised more than 500 crore for its second private credit fund within five months of launch.
- •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.
- •Over 100 Indian family offices and ultra-high-net-worth individuals participated in the fundraise.
- •Around 30 percent of the raised capital will be deployed across transactions in the healthcare and entertainment sectors.
- •The fund focuses on senior secured lending to businesses with established cash flows and strong shareholders.
Key Questions Answered
ASK Alternates raised more than ₹500 crore for its second private credit fund within five months of its launch.
The fund has a target corpus of ₹1,000 crore, along with a greenshoe option of up to ₹1,500 crore.
Around 30% of the capital raised so far has been called and is expected to be deployed across two transactions in the healthcare and entertainment sectors.
