India-focused ASK Capital names Evan Gallagher as CEO

He will lead the international capital markets approach for ASK private equity, real estate and listed equities business as the firm seeks to raise $1 billion over the next three years. Gallagher's previous role was similar in that he was CEO of IDFC Capital and head of investment management group for IDFC Alternatives as a whole.

Sunil Rohokale, CEO and managing director of ASK, told Reuters that there are plans to raise $350 million for a real estate fund, an additional $400 million for a long-only equities fund that currently has a corpus of $300 million, and a new private equity fund of up to $200 million.

ASK reached a first close of $50 million on its debut offshore real estate fund - it already has two onshore vehicles - in early 2014 and expected to complete the fundraising by March of this year, but the process was paused. ASK contributed $5 million to the fund and was looking to large institutions, pension funds, endowments, fund-of-funds and family offices to put in the rest.

ASK currently has about $3 billion worth of assets. In addition to raising its own funds, the company has a private equity joint venture with Pravi Capital.

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