<ul><li>Neo Asset Management has announced the first close of its second flagship private credit fund, the Neo Special Credit Opportunities Fund-II (NSCOF-II), at Rs 2,000 crore.</li><li>The registered Category II Alternative Investment Fund is targeting a total corpus of Rs 5,000 crore and focuses on providing structured credit to mid-market, EBITDA-positive companies.</li><li>NSCOF-II's strategy involves extending credit backed by substantial hard asset collateral and regular coupon payments.</li><li>The first close of NSCOF-II attracted family offices, ultra-high net-worth individuals, and institutional investors, demonstrating the growing interest in private credit strategies.</li></ul>

Neo Asset Management hits first close of second private credit fund at Rs 2,000 crore

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