ASK Property Fund
Overview
ASK Property Fund is a real estate private equity firm based in Mumbai, India, focusing on residential and commercial property investments. The firm specializes in managing and advising real estate dedicated funds, backed by a strong research focus and a collective experience of over a century in extensive investment and asset management. As the real estate arm of the Blackstone-backed ASK Asset & Wealth Management Group, ASK Property Fund has raised approximately ₹6,100 crore since 2009, with investors including family offices, ultra-high-net-worth individuals (UHNI), high-net-worth individuals (HNI), and institutions. The firm has a track record of investments across 35 projects and 19 complete exits in just 12 years. Their investment strategy includes providing funding in early-stage projects at favorable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. The firm aims to achieve a minimum multiple of 2 times or more of invested capital. Recent investments include a ₹225 crore investment in Pune's Megapolis township, developed by Kumar Realty, and a ₹500 crore raise for the ASK Curated Luxury Assets Fund I (ASK CLAF I) to invest in luxury housing projects across major cities. The firm has also exited investments with an internal rate of return (IRR) of approximately 20%, such as the ₹200 crore investment in QVC Realty Developers, achieving a 1.8x multiple of capital invested. Additionally, ASK Property Fund has exited from three projects with an IRR of 20%, investing ₹200 crore across two projects in Gurugram and one in Bengaluru, and exiting with ₹354 crore. The firm's focus continues to be in the mid-segment, where affordable housing and proximity to job corridors are key factors. With a stellar track record of investments and exits, ASK Property Fund remains committed to identifying early to mid-mile funding growth capital requirements for reputed developers in India's real estate sector.
Investment Focus
- Mid-segment residential and commercial projects
- Proximity to job corridors
- Reputed developers
Portfolio Companies
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Unlock full contacts →Frequently asked questions about ASK Property Fund
What sectors does ASK Property Fund invest in?
ASK Property Fund invests in Financial Services and Real Estate, and is based in Maharashtra, India. ASK Property Fund is listed as a private equity in the ConnectSafely investor database.
What stage does ASK Property Fund invest at?
ASK Property Fund backs companies at Growth, Late Stage and Buyout, writing cheques of 100M - 500M.
Which regions does ASK Property Fund invest in?
ASK Property Fund invests across India.
What companies has ASK Property Fund invested in?
ASK Property Fund's portfolio includes Shriram Properties, QVC Realty Developers and Kumar Realty.
Last updated · Source: ConnectSafely investor database
