The fund, known as the Neo Special Credit Opportunities Fund, has drawn investments from high-networth individuals (HNIs) and various family offices. 

This Category II AIF (alternate investment fund) is designed to provide tailored credit solutions to profitable entities. Within just 15 months, the fund has supported 12 companies and achieved two lucrative exits, showcasing its robust potential.

Neo Asset Management is targeting an internal rate of return (IRR) of approximately 22-24% through its strategic investments. 

Founded in 2021 by Nitin Jain and Hemant Daga, Neo advises over 1,500 investors, managing assets worth more than Rs 30,000 crore, with assets under management (AUM) totalling Rs 6,000 crore.