New Delhi, July 31 -- Neo Asset Management has announced the first close of its new private equity vehicle, the Neo Secondaries Fund (NSF), raising approximately Rs.750 crore towards a target corpus of Rs.2,000 crore, according to a press release.

The Sebi-registered Category II Alternative Investment Fund (AIF) is focused on acquiring secondary stakes in unlisted Indian companies that have strong financials and clear exit visibility within 2-4 years.

Led by Nitin Agarwal, a veteran in secondaries and private equity, NSF is designed to provide liquidity to existing investors and faster returns to new entrants, targeting profitable, late-stage companies in high-growth sectors such as consumer, technology, and AI/analytics. With three dea...