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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…
