Neo Group Marks First Close Of INR 2K Cr Secondaries Fund

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SUMMARY

A SEBI-registered Category II AIF, the fund will look to back 12-15 startups across six sectors – BFSI, healthcare, consumer, IT, industrials, and services

The secondaries fund is targeting an IRR of 24-27% for its portfolio companies

Neo Asset Management said that the fund has already made investments of INR 50 Cr to 100 Cr in five startups namely Nobel Hygiene, Purplle, Fractal, IDfy and an undisclosed startup

Neo Group’s asset management arm Neo Asset Management has marked the first close of its INR 2,000 Cr…



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Neo Group Marks First Close Of INR 2K Cr Secondaries Fund


SUMMARY

A SEBI-registered Category II AIF, the fund will look to back 12-15 startups across six sectors – BFSI, healthcare, consumer, IT, industrials, and services

The secondaries fund is targeting an IRR of 24-27% for its portfolio companies

Neo Asset Management said that the fund has already made investments of INR 50 Cr to 100 Cr in five startups namely Nobel Hygiene, Purplle, Fractal, IDfy and an undisclosed startup

Neo Group’s asset management arm Neo Asset Management has marked the first close of its INR 2,000 Cr…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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