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Neo Alternative Asset Managers has completed the first close of its second infrastructure-focused income fund, raising INR 1,500 crore out of a planned INR 5,000 crore corpus. The fund will invest in operational infrastructure assets with stable revenue streams, largely backed by government contracts. Its focus includes roads and renewable energy sectors, offering predictable long-term income. The firm, which manages over INR 25,000 crore in assets, plans to diversify through select investments such as privately listed InvITs. The move reflects growing investor interest in infrastructure as a steady income-generating asset class.
Neo Alternative Asset Managers announced the first close of its second infrastructure income fund, securing commitments of INR 1,500 crore against a total target of INR 5,000 crore. The fund, named Neo Infra Income Opportunities Fund II, is designed to invest in operational infrastructure assets that generate stable revenue and are backed by long-term contracts, largely involving government counterparties. Advertisement
The investment strategy is centred on sectors such as roads and renewable energy, where assets typically offer predictable cash flows over extended periods. The fund aims to position itself as a viable alternative to traditional fixed income instruments by providing stable returns with long-term visibility.
The firm, which manages assets worth over INR 25,000 crore, plans to primarily deploy capital into operational assets. At the same time, it will allocate a portion towards select opportunities, including privately listed infrastructure investment trusts (InvITs), to ensure diversification within the portfolio.
In its earlier fund, the company had invested in road assets developed under the National Highways Authority of India’s Hybrid Annuity Model and in utility-scale solar platforms. These investments have helped build a track record in income-generating infrastructure assets.
Co-founder and CEO Hemant Daga indicated that the strong response to the first close reflects increasing investor confidence in infrastructure income as an asset class. He noted that in the current environment, where stability and yield are being prioritised, high-quality infrastructure assets continue to attract long-term investors.
The company also highlighted that it has built a dedicated infrastructure team of more than 50 professionals. It continues to expand its presence in the infrastructure investment space, supported by a pipeline of opportunities across roads, renewable energy platforms and upcoming InvIT issuances.
Source PTI
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