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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…
