- The India-based fund will be called the “ASK Indian Entrepreneur Fund”.
- The fund will be launched through the UCITS (Undertakings for the Collective Investment in Transferable Securities) route.
- The approval from the Central Bank of Ireland will enable ASK Capital to reach out to investors, family offices, endowments, and pension funds across Europe, Latin America, the Middle East, etc.
- With this, ASK Capital aims to raise USD 500 million from global investors over the next three years.
- The fund will be modelled on ASK Capital’s flagship portfolio management services (PMS), ASK Indian Entrepreneur Portfolio.
- ASK Capital was established in 2012 with its headquarters in Singapore. The current MD & CEO of the company is Sameer Dev.
Question:
Q.1 Which of the following received approval from the Central Bank of Ireland to launch an India-based fund?a. Sequoia Capital
b. ASK Capital
c. GGV Capital
d. Balderton Capital
