Fund News

Neo Asset Management raises Rs.600-Cr for maiden private credit fund

MyBigPlunge  

Neo Asset Management has raised INR 600 crore for its maiden fund from domestic high networth individuals (HNIs) and multi-family offices. The private credit fund - Neo Special Credit Opportunities Fund - is a category II alternative investment fund (AIF) that will be used for providing customised credit solutions to EBITDA positive companies that cannot be catered to by traditional channels of financing. It will make 15-20 investments across sectors.

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