Reported 2 days ago
Indian private credit firm Neo Asset Management is looking to raise up to 60 billion rupees (approximately $699 million) for its second private credit fund, indicating a robust growth in the local market. The Mumbai-based company is targeting wealthy individuals, family offices, and institutions, and aims to support mid-sized companies through various financing solutions. With private credit transactions reaching a record high in India, the firm hopes to complete its fundraising within the next 18 months, capitalizing on the expanding demand for middle-market funding fueled by infrastructure projects.
Source: YAHOO