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FUNDRAISING NEWS | January 09, 2025
Tags: Private Credit, Fundraising
Indian private credit firm Neo Asset started marketing its second private credit fund to potential investors, with an objective of raising as much as INR 60B (~$698.6M) for the investment vehicle, Bloomberg News reported January 9, citing people familiar with the matter.
The unnamed sources said the money manager started pitching the fund to investors a few weeks ago. The fundraising is planned to be completed over the next 18 months, they added. Neo Asset raised INR 25.75B (~$299.8M) for its first private credit fund, which closed in June 2024.
Neo Asset, the alternative asset management arm of the Neo Group, provides credit and fixed-income solutions for private credit, core credit and real assets in India. It earmarked its second private credit fund for mid-sized companies in special situations, according to the report.
Written By: Dakota
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