Stories
Blackstone-backed ASK Investment Managers to Acquire SageOne; Samit Vartak to Lead Equities
- •ASK Investment Managers will acquire SageOne Investment Managers, with Samit Vartak reinvesting and becoming CIO for equities of the combined business.
- •The combined entity will manage over Rs 85,000 crore in assets, leveraging ASK's scale and SageOne's investment expertise.
- •Blackstone, the majority shareholder in ASK, will maintain its majority stake in the newly formed platform.
- •SageOne, founded by Samit Vartak in 2012, has demonstrated strong annualized returns, outperforming the BSE 500 TRI.
- •The acquisition aims to enhance ASK's equity investment capabilities and provide SageOne access to a broader distribution network and the Blackstone ecosystem.
Key Questions Answered
Blackstone-backed ASK Investment Managers announced its acquisition of SageOne Investment Managers on September 30, combining their platforms to manage over Rs 85,000 crore in assets under management. SageOne founder Samit Vartak will reinvest in ASK and assume the role of chief investment officer for equities in the newly combined business. Blackstone will remain the majority shareholder of the expanded platform.
Samit Vartak, the founder of SageOne, will take over as the chief investment officer for equities following the acquisition. He will continue to lead the investment function, maintaining SageOne's research-driven and high-conviction approach within the combined entity.
Founded by Samit Vartak in 2012, SageOne manages money through portfolio management services and alternative investment funds. The firm reported that its Core Portfolio achieved an annualized return of 25.3 percent between April 1, 2012, and August 31, 2026, compared to 13.8 percent for the BSE 500 TRI over the identical timeframe.
