About Company
Neo Asset Management
Neo Asset Management is an arm of Neo Group that provides credit and fixed income solutions to client needs across various asset classes in India. They provide capital solutions to stabilize companies and help them grow while producing attractive returns for investors. Neo Asset Management caters to pension funds, insurance companies, large family offices, HNIs, and UHNIs. To have a constructive impact on the Indian economy by providing a flow of essential long-term credit solutions to companies and businesses that contribute to the sustainable growth of the economy and society. To provide superior risk-adjusted inflation-beating long-term returns to our investors through efficient and responsible capital management with a focus on capital preservation.
Neo Secondaries Fund
Fund Snapshot
|
Target Size |
~$250Mn (INR 2,000 crores) |
|
Legal Structure |
India registered - SEBI registered Category IIAIF / IFSCA registered Gift City Category II AIF |
|
Tenure |
6 years (1+1 extendable) |
|
Target IRR |
~23-25% (Gross); Net USD 18.5-20.2% (Post Fees & Carry) |
|
Hurdle |
10% ($) |
|
Minimum Investment |
$150,000 |
|
Focus Geography |
India |
|
Fund Size |
~$ 250M |
|
Investments |
12–15 deals |
|
Investment Life |
3 years |
|
Target returns |
23-25% |
Investment Philosophy
- Portfolio of Market leaders
- EBITDA-positive Companies
- Revenue CAGR of ~20% for past 3 years
- Consistent Revenue uptick
- Attractive valuations at 10-15% discount to FMV
- Path to exit in 24-48 months
Investment Thesis
Secondaries opportunities by acquiring high-performing companies with strong growth potential and attractive valuations
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Nitin Jain
Nitin brings close to two decades of experience in seeding and scaling up businesses across Wealth & Asset Management; and is credited for building one of India’s leading platforms, managing over USD 40 billion of clients' assets. He started his entrepreneurial journey in October 2021 and founded Neo – a new-age, financial services platform, prioritising trust, transparency, which has a stated objective to Do Good for all its stakeholders and society at large. Under his leadership, Neo has already become India’s fastest-growing wealth and asset management company, advising and managing over USD 7 billion in clients’ assets. The growth also attracted leading institutions like Peak XV, Euclidean Capital and MUFG Bank to enter into a strategic partnership with Neo. Nitin was distinguished as one of the Top 50 digital finance influencers in India by The Digital Fifth in 2024. CEO Insights India recognized him as one of the Top 10 leaders from IIT Kharagpur, his alma mater, from where he obtained a B.Tech. degree. He followed that up with a Post Graduation in Management from the Indian Institute of Management, Calcutta. Nitin is married to Rashmi and they have two sons, Aditya and Abhiraj.
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The fund focuses on secondary investment opportunities in high-performing Indian companies by acquiring stakes at attractive valuations, typically below fair market value.
The strategy primarily targets EBITDA-positive market leaders with consistent revenue growth, scalable business models, and strong exit visibility within 24–48 months.
The fund targets gross returns of approximately 23–25% IRR, with estimated net USD returns of 18.5–20.2% after fees and carry.
The fund has a tenure of 6 years with an extendable option of 1+1 years, depending on investment and exit timelines.
Secondary investments provide exposure to relatively mature businesses with clearer performance visibility, shorter holding periods, discounted entry valuations, and potentially faster liquidity events.
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