Private Equity

Fund News

Neo Asset's infra fund raises Rs.600-Cr from HNIs

Economic Times  

Neo Asset Management, co-founded by Nitin Jain and Hemant Daga, has raised INR 600 crore from domestic high-net-worth individuals for its India-dedicated Infrastructure Income Fund. This fund, launched in August, aims to raise a total corpus of INR 2,000 crore. The seven-year, close-ended category II fund will invest in the roads and solar space. It will acquire and aggregate operating assets with long-term contracts with credible counterparties.