ASK Investment launches long-term fund, seeks to raise Rs 1,500 cr

Category III AIF scheme has a term of four years and it will have no lock-in period

ASK Investment Managers has announced the launch of ‘ASK Golden Decade Fund’, a closed-ended, long-only, Category III AIF that aims to take advantage of the opportunities in India’s economy in the next decade.

The term of the scheme will be four years and there is no lock-in period. The fund aims to raise a total of Rs 1,500 crore (including a green-shoe option of Rs 750 crore).

The ASK Golden Decade Fund will be a confluence of Quality, Valuation, and Time: the three main drivers for compounding wealth that will be positioned to capitalize on the impending value migration opportunities