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Neo Asset Management announces fund II at Rs 2,000 Cr

EntrackrEntrackr · 3m ago
Neo Asset Management announces fund II at Rs 2,000 Cr
Medial

Neo Asset Management, a seasoned Alternative Asset Management firm in India, has announced the first close of its second flagship private credit fund - the Neo Special Credit Opportunities Fund-II (NSCOF II), at Rs 2,000 crore as on date including the first closing as filed with SEBI. Launched 3 months ago, the fund is targeting a total corpus of Rs 5,000 crore. The fund witnessed interest from Family Offices, Ultra High Net Worth Individuals (UHNIs) and Institutional Investors alike to make Neo’s journey an alternative investment platform focused on Private Credit and Real Assets. NSCOF-II is a SEBI-registered Category II AIF designed to provide bespoke credit solutions to EBITDA positive companies. As a strategy, all investments are fully covered with at least 2-3 times hard asset collateral and bear regular coupons. Neo Asset Management aims to adhere to its fund strategy and deliver returns. It looks forward to deploying capital efficiently in Fund-II. Its objective is to create a well-diversified portfolio with 25-30 investments, each ranging between Rs 150-300 crore. Neo’s first private credit, Neo Special Credit Opportunities Fund-I, closed in June 2024, raising Rs 2,575 crore. This fund has gross deployed 100% of its capital across 23 carefully curated diversified investments and have exited from 7 of these investments, over the past 18 months. The team has evaluated more than 450 investments in the last two years. Neo Group is a new-age wealth and asset management company, backed by Peak XV Partners, MUFG Bank, and Euclidean Capital and committed to building India’s leading Alternatives Asset Management platform. Neo Asset Management, the India-focused Alternative Asset Management arm of the Neo Group, manages more than Rs 10,000 crore of AUM, investing across various asset classes and delivering returns with stable cashflows.

Vivriti Asset Management raises $20 Mn from Development Bank of Austria

EntrackrEntrackr · 1m ago
Vivriti Asset Management raises $20 Mn from Development Bank of Austria
Medial

Vivriti Asset Management raises $20 Mn from Development Bank of Austria Launched in March 2023, VIRAF is the country’s first asset-backed securitization (ABS) fund. It aims to boost funding for small loans to micro and small businesses, especially those led by women. Vivriti Asset Management, a credit investment strategies platform, has secured an additional $20 million in senior debt commitments for its Vivriti India Retail Assets Fund (VIRAF) from the Development Bank of Austria (OeEB). The latest investment from OeEB raises total commitments in VIRAF to $165 million, moving it closer to its $250 million target. Launched in March 2023, VIRAF is the country’s first asset-backed securitization (ABS) fund. It aims to boost funding for small loans to micro and small businesses, especially those led by women. The platform focuses on investing in asset-backed securities that are backed by granular retail and MSME loans, thereby supporting NBFCs and other financial institutions serving underserved borrower segments. As of March 2025, VIRAF has grown its assets under management (AUM) to around $140 million. Since launch, it has disbursed $200 million through 25 NBFCs, reaching over 350,000 individuals and 100,000 MSMEs — with more than 75% of the beneficiaries being women. Over the next ten years, VAM plans to invest over $1 billion in retail ABS. OeEB supports impact investments in developing countries by financing private sector projects that foster sustainable economic growth, particularly in green finance, SME development, and financial inclusion.

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