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.”
