Neo Asset Management โ Key Highlights from NSCOF-II First Close 1. Fund Overview Fund Name: Neo Special Credit Opportunities Fund-II (NSCOF-II) Type: SEBI-registered Category II Alternative Investment Fund (AIF) Strategy: Private credit focused on EBITDA-positive mid-market companies Target Corpus: โน5,000 Cr First Close: โน2,000 Cr (completed) Expected Portfolio: 25โ30 investments sized between โน150โ300 Cr each Investor Profile: Mix of family offices, UHNIs, and institutional investors 2. Security & Returns All investments are: Fully collateralized with 2โ3x hard assets Structured with regular coupon payouts (suggesting cash-generating positions) 3. Performance of NSCOF-I (First Fund) Closed: June 2024 with โน2,575 Cr Deployed: 100% of capital across 23 deals Exits: 7 so far Over the past 18 months, evaluated 450+ opportunities 4. Sponsor & Group Backing Neo Asset Management is part of Neo Group (founded 2021 by Nitin Jain and Hemant Daga) Sponsors/Backers include: Peak XV Partners, MUFG Bank, Euclidean Capital Neo Asset Management AUM: โน10,000+ Cr (India-focused) Total Neo Group AUM: โน40,000+ Cr (includes advisory and other units) 5. Market Context The timing aligns with a slowdown in public markets, creating greater demand for private capital, especially in special situations and structured credit. Mid-market credit is seen as an underserved and high-yielding niche.
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