Neo Alternative Asset Managers raises ₹1500 crore in first close for Infra Income Fund II

De-risked roads and renewables are the play

Neo Alternative Asset Managers has hit a first close of ₹1,500 crore for its second infrastructure income fund, which targets ₹5,000 crore. The strategy focuses on de-risked infrastructure assets such as roads and renewable energy platforms to seek stable yields and capital preservation. Investor demand is buoyed by predictable cash flows and government-backed contracts.