Neo Asset Management makes first close of Rs 2,000 crore secondaries fund

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Neo Asset Management has made the first close of its Rs 2,000 crore private equity fund, the Neo Secondaries Fund, after raising Rs 750 crore from investors, cofounder and chief executive Hemant Daga told ET.

The Securities and Exchange Board of India-registered Category-II alternative investment fund focuses on acquiring secondary stakes in unlisted Indian companies. It focuses on companies that are profitable at before interest, taxes, depreciation and amortisation and offer an exit pathway within two to four years.

Neo Asset Management is the asset…



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Neo Asset Management makes first close of Rs 2,000 crore secondaries fund



Neo Asset Management has made the first close of its Rs 2,000 crore private equity fund, the Neo Secondaries Fund, after raising Rs 750 crore from investors, cofounder and chief executive Hemant Daga told ET.

The Securities and Exchange Board of India-registered Category-II alternative investment fund focuses on acquiring secondary stakes in unlisted Indian companies. It focuses on companies that are profitable at before interest, taxes, depreciation and amortisation and offer an exit pathway within two to four years.

Neo Asset Management is the asset…



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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