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Neo Alternative Asset raises Rs 1500 crore in Fund II targeting Rs 5000 crore infra income
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Published on 30 April 2026

Fund II bets on operational assets with contracted govt cashflows
Neo Alternative Asset Managers has announced the first close of its Neo Infra Income Opportunities Fund II, raising Rs 1,500 crore against a Rs 5,000 crore target. The fund will invest in operational, revenue-generating infrastructure assets backed by long-term contracted cash flows, mainly from government counterparties, with a focus on roads and renewable energy.
- Neo Infra Income Opportunities Fund II targets Rs 5,000 crore
- First close raises Rs 1,500 crore from investors
- Strategy centers on operational assets with long-term contracted cashflows
- Plans include diversification via select privately listed InvITs
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