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ASK Property charts exit roadmap for maiden special situations fund

VCCircle

VCCircle · 1y ago

ASK Property charts exit roadmap for maiden special situations fund

ASK Property Fund, the real estate investment arm of ASK Wealth and Asset Management, has outlined its exit roadmap for its special situations fund. The fund, which raised around Rs 843 crore, is expected to be exited within a year. ASK Property Fund is focused on real estate private equity investments and is part of Mumbai-based ASK Group.

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ASK Property charts exit roadmap for maiden special situations fund Premium Amit Bhagat, MD & CEO, ASK Property Fund The real estate investment arm of Blackstone-backed ASK Wealth and Asset Management expects to exit a special situations fund in a year, a top executive told VCCircle. ASK Property Fund, the real estate private equity investment arm of Mumbai-based ASK Group, raised about Rs 843 crore for ASK Real Estate Special ......

ASK Property targets growth-stage real estate investments via new fund

VCCircle

VCCircle · 1y ago

ASK Property targets growth-stage real estate investments via new fund

The ASK Group's real estate investment arm, ASK Property Fund, has launched a new credit vehicle to provide growth capital to residential projects. This move is part of the company's special situations fund series and aims to target growth-stage real estate investments. ASK Property Fund recently closed its Real Estate Special Opportunities Fund, which was backed by Blackstone.

ASK Property Fund exits maiden bet from co-investment platform

VCCircle

VCCircle · 11m ago

ASK Property Fund exits maiden bet from co-investment platform

ASK Property Fund, the real estate investment arm of the ASK Group, has exited its investment in a plotted development project called Shriram Pristine Estate in Bengaluru. The investment was made through a co-investment platform with Shriram Properties. ASK Property Fund realized an internal rate of return of about 20% and a multiple on invested capital of 1.24x in 18 months. This exit exemplifies the opportunities resulting from industry consolidation, and ASK Property Fund intends to continue participating in the growth and expansion of Shriram Properties.

ASK Property Fund bags 2x returns from four-year old bet

VCCircle

VCCircle · 1y ago

ASK Property Fund bags 2x returns from four-year old bet

ASK Property Fund, the real estate investment arm of ASK Group, has achieved almost double the returns on a four-year-old investment in a plotted housing development. The investment included three assets in Gurugram and Bengaluru, and the private equity investor has now exited the portfolio. This successful exit demonstrates the strong performance of ASK Property Fund and its ability to generate profitable returns in the real estate sector.

InCred Alts secures $70-mn for maiden special situations fund

VCCircle

VCCircle · 4m ago

InCred Alts secures $70-mn for maiden special situations fund

InCred Alternative Investments Pvt Ltd has raised over Rs 600 crore ($70 million) for its first special situations fund, the InCred Special Opportunities Fund-I (ISOF-I). The fund, targeting old-economy sectors with strong collateral cover, aims to deliver high returns by exploiting dislocated secondary opportunities and flexible debt solutions. InCred Group's diverse financial services, including InCred Finance, Capital, and Money, support this venture, with a final fund close expected at Rs 1,000 crore and a greenshoe option of Rs 500 crore.

PremjiInvest, Kotak Special Situations Fund eye an exit

VCCircle

VCCircle · 1y ago

PremjiInvest, Kotak Special Situations Fund eye an exit

PremjiInvest and Kotak Special Situations Fund are looking to sell off one of their portfolio companies for partial harvest. PremjiInvest, the family office of Wipro founder Azim Premji, has lined up this potential exit after recently selling one of its successful investments. The details of the company or the reasons behind the exit have not been provided in the paragraph.

Neo Asset aims to wrap up deployment of special situations fund by 2024-end

VCCircle

VCCircle · 1y ago

Neo Asset aims to wrap up deployment of special situations fund by 2024-end

Mumbai-based wealth and asset management firm, Neo Asset Management, is set to complete the deployment of its special situations fund by the end of 2024. The firm, backed by Peak XV Partners, recently concluded the fundraising for its inaugural fund. Neo Asset Management aims to focus on opportunities in the special situations space, targeting investments that offer high potential returns.

Neo Asset hits first close of second special situations fund, sets final close target

VCCircle

VCCircle · 4m ago

Neo Asset hits first close of second special situations fund, sets final close target

Neo Asset Management, under Peak XV Partners and backed by MUFG Bank, announced the first close of its second special situations fund, having raised around 40% of its target corpus. Known for investments in special situations, performing credit, and infrastructure via different funds, the firm is progressing towards its financial goals.

‘Special situations’ theme funds make a beeline for investors’ money

Money Control

Money Control · 1y ago

‘Special situations’ theme funds make a beeline for investors’ money

ICICI Prudential India Opportunities Fund is the oldest and largest fund in its category, with assets of around Rs 18,000 crore. Indian fund houses are increasingly focusing on special situations investment strategies, with three asset management companies - WhiteOak Capital, Kotak Mahindra, and Samco - applying for funds based on this theme recently. Special situations funds identify unique events or circumstances that can impact the value of investments. These funds are not highly dependent on market conditions and provide a good entry point for investors. However, they involve higher risk as they rely on companies undergoing substantial changes.

ASK Property Fund strikes second luxury housing bet in Gurugram

VCCircle

VCCircle · 8m ago

ASK Property Fund strikes second luxury housing bet in Gurugram

The real estate investment arm of ASK Group has announced its investment in a residential project in Gurugram. ASK Property Fund will invest around $31 million in the luxury housing project, which is being developed by KREEVA, the real estate arm of Kanodia Group. This is the second investment in the luxury housing segment for ASK Property Fund, following a previous investment in a project in Gurugram's Golf Course Road. The new funds will be used to expedite the development of KREEVA's flagship project, with expected revenue of over $165 million in the next five years.

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