Wealth management startup Neo Group raised Rs 400 crore (around $47 million) in an equity funding round led by MUFG Bank and Euclidean Capital to expand its wealth and asset management division.

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About

Neo Asset Management is an alternative Asset Management arm of Neo Group providing credit and fixed income solutions to client needs across various alternative asset classes in India - Private Credit, Real Assets and Core Credit. Our purpose is to have a constructive impact on the Indian economy by providing a flow of essential long-term credit solutions to companies and businesses that contribute to the sustainable growth of the economy and society. We provide bespoke capital solutions to stabilize companies and help them grow while producing superior inflation, beating long term returns for our investors. We cater to global and domestic pension funds and insurance companies, family offices, HNIs and UHNIs. Our edge lies in deep domain expertise, operating capabilities, and superior structuring solutions. People and processes are at the core of what we do, helping us provide clients with unbiased, value accretive investment solutions, emphasizing capital preservation. We are driven by doing good for our clients, partners, employees, and all other stakeholders in the pursuit of being India’s preferred alternative asset management organisation. The founding team at Neo Asset Management comes with extensive and rich experience of more than 120+ years in managing credit assets of over INR 1 lac crores in India across market cycles.