Key Takeaways
- • ASK Group, a Mumbai-based investment manager, is on the cusp of fully investing its INR 10 billion ASK Real Estate Opportunity Fund II, according to PEI, with full deployment expected by December 2015.
- • The INR 10 billion fund equates to roughly €141.5 million or $150.2 million, per PERE publisher context.
- • The fund is the manager's second domestic private equity real estate vehicle, positioning ASK Group as an active Indian real estate allocator.
- • The primary article is gated; detail beyond the headline and lede is limited in the available source material.
Summary
According to PEI, ASK Group is on the cusp of fully investing ASK Real Estate Opportunity Fund II, the INR 10 billion vehicle it raised as its second domestic private equity real estate fund. The Mumbai-based investment manager is expected to have fully deployed the capital by December 2015, the report states. Publisher context from PERE puts the commitment at approximately €141.5 million or $150.2 million.
The fund's rapid deployment signals active demand for institutional-grade real estate opportunities in India. For allocators evaluating Indian private real estate managers, the near-complete investment of Fund II will be a relevant data point ahead of any successor fundraising. The full article is behind a registration wall, so further details on specific assets, sectors, or investor composition could not be verified from the available source material.
The fund's rapid deployment signals active demand for institutional-grade real estate opportunities in India. For allocators evaluating Indian private real estate managers, the near-complete investment of Fund II will be a relevant data point ahead of any successor fundraising. The full article is behind a registration wall, so further details on specific assets, sectors, or investor composition could not be verified from the available source material.
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