Neo Prime Fund (NPF)

A Multi-Asset Private Markets Fund

INR 1,000 Cr / ~$120 Mn
Target Fund Size

SEBI Cat II AIF
Fund Type

6.5 Years
Fund Tenure

A Multi-Asset Private Markets Fund

Neo Prime Fund is a SEBI-registered Category II Alternative Investment Fund (AIF) with a target fund size of INR 1,000 crore. The fund is structured as a multi-asset private markets vehicle, providing diversified exposure across private credit, private equity, real assets, and opportunistic liquid strategies through a single fund structure.

The fund leverages Neo's proprietary deal sourcing and underwriting capabilities to offer investors access to institutional-quality opportunities while balancing growth, income, and liquidity requirements.

Neo Asset Management brings together proprietary deal access, strong underwriting capabilities, and institutional governance standards.

Investment Objective

The investment objective of Neo Prime Fund is to generate attractive risk-adjusted returns over the fund tenure by investing across multiple private market asset classes. The fund aims to deliver diversification, capital preservation, and steady income, while optimising liquidity through active portfolio construction.

Investment Strategy

Neo Prime Fund follows a diversified, multi-asset investment strategy focused on deploying capital across various areas. The fund adopts a disciplined deployment approach, allocating capital based on opportunity quality rather than predefined asset class limits.

Private Credit

Private credit opportunities with strong structures and downside protection

Private Equity

Select private equity investments with defined growth and exit visibility

Real Assets

Real assets with cash-yielding and asset-backed characteristics

Liquid Strategies

Opportunistic liquid strategies to support liquidity and portfolio efficiency

Portfolio Construction

The fund is constructed with a strong emphasis on diversification and risk controls. This structure is designed to reduce concentration risk and improve portfolio stability across market cycles.

30-40 Proprietary Deals

Exposure across 30-40 underlying proprietary deals over the fund life

Multi-Asset Allocation

Allocation across multiple private market asset classes

No Fund-of-Funds

No exposure to other Neo-managed funds

Concentration Limits

Single deal exposure capped at 10% of the final fund size

Liquidity

Neo Prime Fund is structured to offer enhanced mid-term liquidity compared to traditional private market funds. Liquidity is supported through a combination of staggered exits, income-generating strategies, and selective liquid allocations within the portfolio.

Investment Pipeline

Neo Prime Fund has a strong active pipeline of over INR 200 crore across 6+ opportunities spanning private credit, private equity, real assets, and opportunistic strategies. Deployment is paced to align with market conditions and opportunity readiness.

Risk Management

The fund follows a disciplined risk management framework with a strong focus on deal-level underwriting and structured downside protection, complemented by portfolio-level diversification across asset classes and strategies. Exposure limits are clearly defined at both the deal and portfolio level, with active monitoring maintained throughout the fund life. This approach is designed to protect capital while delivering consistent, risk-adjusted outcomes.