Neo Alternative Asset Managers Pvt. Ltd. (“NAAM”), formerly Neo Asset Management Pvt. Ltd., has announced the first close of its Neo Infra Income Opportunities Fund II, raising ₹1,500 crore against a target of ₹5,000 crore. The platform manages over ₹25,000 crore in assets.

The fund builds on NAAM’s strong track record in infrastructure income strategies, focusing on operational, revenue-generating assets backed by long-term contracted cash flows from highly creditworthy government counterparties, with emphasis on roads and renewable energy.

Anchored in stability, income visibility, and capital preservation, the strategy offers a compelling alternative to traditional fixed income. NAAM has demonstrated its capabilities through investments in NHAI’s Hybrid Annuity Model (HAM) road assets and a utility-scale solar portfolio in its first infrastructure fund.

The new fund will follow a similar disciplined approach, deploying the majority of capital into operating assets, with selective exposure to opportunities such as privately listed InvITs to ensure diversification.

With a dedicated team of over 50 professionals and deep sector expertise, NAAM continues to combine strong underwriting, rigorous due diligence, and active asset management.

Robust investor interest is supported by a strong pipeline across roads, renewables, and InvITs, offering attractive opportunities for stable, predictable cash flows and long-term visibility.