Neo Asset Closes Neo Real Asset Yield Fund at ₹1,000 Crore in less than five months
Capital mobilised through the Neo Wealth ecosystem and banker network; over 80% deployed
Chennai: Neo Asset today announced the final close of the Neo Real Asset Yield Fund, an open-ended Category III Alternative Investment Fund, at its target corpus of ₹1,000 crore, completing the raise in under five months. The fund invests across privately and publicly listed REITs and InvITs, and has already deployed over 80% of its committed capital.
Neo was the first platform to raise and deploy capital through this structure. The category has since seen additional managers launch similar strategies, several of which remain in active fundraising or early deployment.
Commenting on the close, Shajikumar Devakar, Co-Founder – Neo Group, said:
“This fund was created to give our clients a dedicated way to allocate to real assets -InvITs and REITs – within their broader portfolios. The strong response reflects growing demand to diversify beyond traditional fixed income and equity allocations. This strategy was designed to provide institutional-grade access to high-quality privately listed InvITs, typically reserved for large institutions, alongside the best public REIT and InvIT opportunities – combining premium access with liquidity.”
Hemant Daga, Co-Founder & CEO – Neo Asset, said:
“The Real Asset Yield Fund is one part of a broader ambition – building India’s leading private markets platform across real assets, private credit and private equity. This closure gives us a strong foundation for what comes next.”
—-
About Neo Alternate Asset Managers:
Neo Alternative Asset Managers Private Limited (“Neo Asset”) (formerly Neo Asset Management Private Limited) is Neo’s alternatives investment platform managing approximately ₹25,500 crore in assets under management across private credit, real assets and private equity as of June 30, 2026. The platform is led by a team of 40 investment professionals with over 250 years of combined investing experience, and has evaluated more than ₹2,75,000 crore of deals across its strategies to date. Neo Asset offerings span short, medium and long-term private credit solutions, infrastructure and renewable energy income funds, private equity secondaries, and multi-asset private markets strategies.
About Neo Group:
Neo is an integrated wealth and asset management platform serving family offices, ultra-high-net-worth individuals, high-net-worth individuals, institutions and corporates. The Group manages approximately ₹1,20,000 crore in total client assets across Assets Under Advice and Assets Under Management June 30, 2026. With a presence in more than 30 cities and a team of close to 900 professionals, Neo offers capabilities across wealth management, asset management, private markets, fixed income, global investments, insurance, estate planning and investment banking.
For more information, please visit www.neo.group
