Profile
ASK Alternates is a private credit investor based in India, under the umbrella of the Blackstone-backed ASK Asset & Wealth Management Group. The firm focuses on providing strategic credit opportunities and is managed by Shantanu Sahai, the Fund Manager & CEO. ASK Alternates is part of a larger group that has over 40 years of expertise in the Indian financial market, characterized by disciplined and well-researched investment approaches.
ASK Alternates specializes in senior secured lending within the private credit sector, prioritizing capital preservation and regular income generation. It targets sectors such as healthcare, entertainment, renewable energy, consumer and retail, and defense. The firm partners with established shareholders and global institutions as co-lenders. Their second private credit fund aims to raise INR 1,000 crore, including a greenshoe option up to INR 1,500 crore, with commitments from family offices and ultra-high-net-worth individuals.
Notable investments by ASK Alternates include roles in the healthcare and entertainment sectors. The firm is known for disciplined credit selection and providing loans to businesses with robust cash flows, tangible collateral, and strong shareholders' backing.
Industry
ASK Alternates Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Second Private Credit Fund
|
Private Equity (PE)
Debt fund
|
Consumer Products
Healthcare Services
Industrial
Media and Entertainment
Retail
Energy
Defense
|
Asia
|
$1-5 m
|
—
|
October 2026
|
Contacts
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