The Rainmaker Group (TRMG) acted as the exclusive financial advisor to SageOne, the Pune-based investment manager operating across portfolio management services and alternative investment funds on its acquisition by global private equity giant Blackstone-backed ASK Investment Managers.
SageOne has established a differentiated performance track record through its disciplined, high-convinction investment approach. As of 31 August 2026, SageOne managed nearly Rs. 9,000 crore. Its flagship SageOne Core Portfolio is among the best performing domestic funds and has delivered annualized returns of 25.3% from April 1, 2012 to August 31, 2026, compared with 13.8% for the BSE500 TRI during the same period. Samit is a veteran investor and comes with 25 years of investment experience across market cycles.
Backed by Blackstone, the combined platform brings togetherASK's institutional scale and broad client reach with SageOne's research-driven, time-tested investment approach. It will manage nearly Rs. 85,000 crore in assets, creating a stronger equity business with a broader range ofstrategies and a deeper pool of investment talent. SageOne's focus on mid and small-cap companies also complements ASK's existing strategies well.
On completion of the transaction, Founder and CIO Samit Vartak will join ASK as Group Chief Investment Officer (Equities). He will bring the same research depth and conviction to a much larger platform while keeping the investment approach behind the firm's track record. SageOne has established a differentiated performance trackrecord through its disciplined, high-conviction investment approach.
Since founding SageOne in 2012, Samit has built the firm into a respected, high-performing investment franchise anchored in disciplined research. Backed by Blackstone, the combined platform brings together ASK's institutional scale and broad client reach with SageOne's research-driven, time-tested investment approach. It will manage nearly Rs. 85,000 crore in assets, creating a stronger equity business with a broader range ofstrategies and a deeper pool of investment talent.
Kashyap Parikh, Partner at The Rainmaker Group, said: "SageOne represents the best of investing in India: research-led, high-conviction and deeply disciplined. Samit has quietly built one of the most respected equity franchises in the country, with a multi-cycle alpha track record that few can match. The partnership with ASK, backed by Blackstone, gives that philosophy the platform to scale meaningfully. It was a privilege to partner with, the SageOne and Blackstone teams through a process that stayed focused on long-term value creation."
About SageOne Investment Managers
Founded in 2012, SageOne Investment Managers is a SEBI & IFSCA registered investment management firm with offices in Pune, Mumbai and Gift City. The firm manages equity investments through Portfolio Management Services (PMS) and Category III Alternative Investment Fund (AIF) structures, with strategies oriented towards mid & small-cap space, including domestic and GIFT City offerings. As of Aug 31,2026, SageOne manages nearly INR 90 billion of equity assets across its PMS and AIF structures for HNI and UHNI investors.
About The Rainmaker Group
The Rainmaker Group is the investment banking partner of choice for India’s private businesses as they traverse their fundraising journey - from their first growth round to pre-IPO. The firm has delivered growth equity and secondary transaction milestones for over a dozen unicorns, soonicorns, and now-listed businesses.
The firm’s ‘rainmakers’ pride themselves on a founder-like mindset and a proprietary execution process that has delivered industry-leading closure rate and client retention. The Rainmaker Group’s relationship with global investors is underpinned by thoughtful client selection and an insight-driven approach to dealmaking.
To know more about The Rainmaker Group, get in touch with
Dhwani Mehta - dhwani.mehta@trmg.in
