The fund is structured to invest in operational infrastructure assets that generate revenue, with a focus on roads and renewable energy. These assets are typically backed by long-term contracts, including those involving government-linked entities.
The strategy follows the firm’s earlier infrastructure fund, which included investments in Hybrid Annuity Model (HAM) road projects associated with the National Highways Authority of India and a utility-scale solar portfolio.
According to the company, the new fund will largely deploy capital into operating assets, with a smaller allocation to select opportunities such as privately listed infrastructure investment trusts (InvITs).
NAAM, which manages over ₹25,000 crore in assets, said it will rely on its existing infrastructure investment team for execution and asset management. The firm has a team of more than 50 professionals focused on infrastructure investments.
The company indicated that investor participation reflects continued interest in infrastructure income strategies, amid a pipeline of road projects, renewable energy assets and InvIT issuances.
These investments are generally associated with long-duration cash flows.
Neo Alternative Asset Managers is part of Neo Group, which operates in wealth and asset management and invests across private equity, private credit, infrastructure and real estate.
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First Published: Apr 29, 2026 10:21 AM IST
