RE credit + equity fund research profile
ASK Property Fund is a real-estate-focused alternatives manager with equity, high-yield debt and performing-credit strategies. Its public fund pages are unusually useful for allocator diligence because they disclose fund-level corpus, deployment, exits, investment tenor, gross IRR and gross MoIC for at least one debt vehicle.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
ASK Property Fund uses a re credit + equity approach across Residential developers.
Current evidence
ASK Property Fund’s current September 2026 disclosure reports ₹10,200 crore of funds managed, ₹8,700 crore of exits and 75 million square feet of India investments. It also discloses Debt Fund I’s ₹8.4 billion size, eight deals, approximately ₹15 billion of exited proceeds and 19.4% gross investment IRR.
Strategy
RE credit + equity
Sector focus
Residential developers
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
ASK Property Fund’s current September 2026 disclosure reports ₹10,200 crore of funds managed, ₹8,700 crore of exits and 75 million square feet of India investments. It also discloses Debt Fund I’s ₹8.4 billion size, eight deals, approximately ₹15 billion of exited proceeds and 19.4% gross investment IRR.
Investor questions
ASK Property Fund is covered in Rupeia's private credit research universe. The current public record describes the strategy as RE credit + equity, with a sector focus of Residential developers. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to ASK Property Fund in the reviewed public sources: Gulshan Dynasty; Kalpataru Borivali; D&A Realty Bandra; Kumar Prospera; Shriram Properties project. It does not represent a complete current portfolio unless the manager has published one.
ASK reports Debt Fund I exits of about ₹15 billion after investment, 19.4% gross investment IRR and 1.83x gross MoIC. These are gross, manager-reported fund figures and are not net investor returns. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: ASK reports ₹10,200 crore funds managed and ₹8,700 crore of exits as of September 2026; Debt Fund I is shown at ₹8.4 billion with ₹8.2 billion invested.. Public terms or access information: The manager describes performing credit with 2–3 year tenure and 13–15% target economics, and high-yield debt with 3–4 year tenure and 19–21% target economics. These are manager-stated strategy ranges.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Amit Bhagat. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: The platform combines real-estate equity, high-yield debt and performing credit; the public page does not provide net investor returns or a complete fund-by-fund borrower schedule..
2026-09-30: ASK Property Fund’s current September 2026 disclosure reports ₹10,200 crore of funds managed, ₹8,700 crore of exits and 75 million square feet of India investments. It also discloses Debt Fund I’s ₹8.4 billion size, eight deals, approximately ₹15 billion of exited proceeds and 19.4% gross investment IRR.
Next step
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