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

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…