ASK Private Credit Series B

The ASK Private Credit Series B (Fund II), managed by ASK Alternates — part of the Blackstone-backed ASK Asset & Wealth Management Group — targets a gross IRR of 14–16%, in line with the 15% gross IRR delivered by its debut fund, by investing in high-quality businesses backed by reputed Indian promoters, global private equity, sovereign wealth firms, and global strategics. The fund focuses on senior secured lending with tangible collateral, targeting 12–15 transactions across sectors such as infrastructure, healthcare, manufacturing, industrials, renewables, specialty chemicals, auto components, and financial services — areas considered high priority by the government — while deliberately avoiding exposure to real estate, distressed debt, venture debt, and struggling or asset-light businesses.