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Neo's secondaries fund reaches first close at ₹750 crore

Mint Mumbai

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August 01, 2025

Neo Asset Management manages over ₹13,500 cr in AUM across private equity, credit and infrastructure

- Sakshi Sadashiv

Neo's secondaries fund reaches first close at ₹750 crore

Neo Asset Management has announced the first close of its new private equity vehicle, the Neo Secondaries Fund (NSF), raising approximately ₹750 crore towards a target corpus of ₹2,000 crore, according to a press release.

The Securities and Exchange Board of India-registered Category II Alternative Investment Fund (AIF) is focused on acquiring secondary stakes in unlisted Indian companies that have strong financials and clear exit visibility within 2-4 years.

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