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Truboard Partners raises Rs 20 Cr led by Earth Fund

EntrackrEntrackr · 2d ago
Truboard Partners raises Rs 20 Cr led by Earth Fund
Medial

Truboard Partners raises Rs 20 Cr led by Earth Fund Asset performance platform Truboard Partners has secured Rs 20 crore ($2.2 million) in a funding round led by Earth Fund, an environment- and sustainability-focused venture capital platform. The Mumbai-based company had previously raised $2.7 million in July 2022. The proceeds will be used to strengthen its product foundation and scale the platform responsibly across asset classes, Truboard Partners said in a press release. Co-founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, Truboard Partners offers AI-driven asset performance management software that provides comprehensive portfolio intelligence to lenders, equity investors, and asset owners managing real and financial assets. The platform enables 360-degree visibility into investment performance, risk management, and operational efficiency, helping institutions optimise portfolio IRRs through data-driven decision-making. According to the company, its platform is used by investors and operators to manage complex, multi-asset portfolios across India’s real estate and energy markets, supported by recent expansions into the US and EU. Truboard Partners works with developers, lenders, and institutional investors, providing a common operating layer for portfolio management across real estate and energy assets, spanning both debt and equity structures. The company aims to address gaps in India’s real asset ecosystem by bringing structure and transparency to post-investment asset monitoring in real estate and clean energy infrastructure. By converting fragmented data into actionable insights, the platform reduces lender visibility timelines from months to days, improves risk management, and enables asset owners to generate 2–3% higher returns.

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

EntrackrEntrackr · 10m 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.

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