Bengaluru, June 10 -- ASK Property Fund, part of Blackstone-backed ASK Asset & Wealth Management group, has launched its largest real estate debt vehicle yet, targeting a corpus of Rs.3,500 crore as demand for private credit grows amid a healthy pipeline of projects.

The fund, ASK's fourth debt fund, aims to raise capital from both domestic and offshore investors and will invest in mid-segment housing projects across Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, Bengaluru, Chennai and Hyderabad.

The fund, which includes a green-shoe option of Rs.1,500 crore, will look at deal sizes ranging from Rs.100 crore to Rs.500 crore.

Demand is high for growth capital, and there is a healthy pipeline of projects for poten...