ASK Partners

ASK Partners secures new cornerstone investor



Real estate funding specialist Ask Partners has added UK and South African-based Westbrooke Alternative Asset Management (WAAM) as a new cornerstone investor.

WAAM has acquired a minority interest in ASK, in return for providing additional underwriting capacity to the latter’s existing platform.

In addition to unlocking additional capital for investment in the UK real estate market, the partnership is working on the launch of an inaugural ASK/WAAM investment strategy, which will allow South African investors to deploy capital offshore in alternative asset classes, such as real estate.

Richard Asherson, managing director at WAAM, commented: “We are delighted to further cement this long-term relationship with ASK and are excited to work together to deliver excellent risk-adjusted returns to our investor base.”

Since 2017, ASK has invested over £335m of funding in UK real estate, with over £100m since Covid hit.

“We are looking forward to building on our partnership with WAAM,” said Daniel Austin, chief executive and co-founder of ASK.

“Investors worldwide are looking to put cash to work in alternative asset classes.

“ASK has proven that secured lending against UK real estate assets can provide very attractive returns.”

Subject to future performance, WAAM has the right to purchase additional shares in ASK.


Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.



Leave a comment