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ASK Alternates Raises Rs 500 Crore for Second Private Credit Fund
M
Moneycontrol•06-10-2026, 20:05
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.
- •The fund has a total target corpus of Rs 1,000 crore backed by over 100 investors including family offices and UHNIs.
- •Around 30 per cent of the raised capital is expected to be deployed across two healthcare and entertainment transactions.
- •The fund's pipeline also includes opportunities in manufacturing, renewable energy, consumer and retail, and defence.
Key Questions Answered
ASK Alternates has raised Rs 500 crore for its second private credit fund within five months of its launch, which has a target corpus of Rs 1,000 crore.
Over 100 investors, including Indian family offices, Ultra High Net-worth Individuals (UHNIs), existing investors in ASK's private credit strategy, and multiple distribution partners, have committed money to the fund.
Around 30 per cent of the fund raised is likely to be deployed across two transactions in the healthcare and entertainment sectors, with additional pipeline opportunities in manufacturing, renewable energy, consumer and retail, and defence.
