Bengaluru, April 8 -- At a time when global geopolitical tensions are making foreign investors cautious, Neo Alternative Asset Managers is doubling down on domestic credit with plans to raise Rs.1,500-2,000 crore for its maiden real estate fund, its managing director Kaushik Desai told Mint in an interview. The category-II alternative investment fund (AIF) will largely offer credit to residential real estate developers across tier 1 and tier 2 cities, he said.

Earlier this week, Neo Alternative Asset Managers said it had ventured into real estate, bringing aboard Kaushik Desai, Vinit Prabhugaonkar, and Vimal Jangla, the former senior leadership team at Walton Street India, to anchor its real estate investment platform.

The three bring w...