ASK Private Credit announces successful close of its maiden fund at…

Team S · 2025-12-29T11:59:09.000Z

ASK Alternates, the private credit arm of ASK Asset & Wealth Management Group, has successfully completed the first close of its maiden Private Credit Fund at ₹569 crore (approximately $63 million), including a ₹69 crore green-shoe option that was exercised. The fund marks ASK’s first performing credit strategy through its alternatives platform and underscores strong investor confidence in India’s growing private credit market. The fund is positioned to deliver disciplined capital to high-quality businesses with established market positions, strong cash flows, and robust governance standards, while partnering with reputed promoters and global sponsors. Three-quarters of the fund’s corpus has already been deployed, and the team has completed two early exits, highlighting its active portfolio management and disciplined underwriting approach. Sunil Rohokale, Co-Founder, CEO & Managing Director of ASK Asset & Wealth Management Group, said the firm’s successful closure reflects strong trust from high-net-worth and ultra-high-net-worth investors in ASK’s ability to identify quality opportunities and manage risk with discipline. Shantanu Sahai, Executive Director & Head – Private Credit at ASK Alternates, added that the fund’s portfolio demonstrates resilience and diversity, with a focus on partnering with solid promoter groups and global sponsors to capitalise on private credit momentum. The fund’s strategy aligns with broader growth in India’s alternative credit ecosystem, where non-dilutive financing solutions are emerging as important complements to traditional bank lending and equity funding, especially for mid-market companies. #privatecredit #fundraising #alternatives #India #ASKAlternates #SunilRohokale #ShantanuSahai #AshwinNarang #JayMehta #privatecapital

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ASK Private Credit announces successful close of its maiden fund at… | Newnex