Infrastructure income and asset-backed private credit fund research profile
Neo Infra Income Opportunities Fund I is a Category II AIF focused on income-generating Indian road and renewable-energy infrastructure with contracted or regulated cash flows. Public 2026 materials name five deployed assets and three committed road assets, while exchange and rating filings identify Neo as the buyer or fund counterparty in specific infrastructure transactions. Fund II is a separate later vintage and is not merged into this record.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Neo Infra Income Opportunities Fund I uses a infrastructure income and asset-backed private credit approach across Roads, renewable energy, infrastructure assets.
Current evidence
Neo's 2026 materials identify five deployed and three committed infrastructure assets, while April and June 2026 NSE filings identify NIIOF as buyer or purchaser in HG Infra and Ceigall asset transactions. The vehicle's legal identity and SEBI registration remain corroborated by the current LEI record.
Strategy
Infrastructure income and asset-backed private credit
Sector focus
Roads, renewable energy, infrastructure assets
AIF structure context
Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.
Current signal
Neo's 2026 materials identify five deployed and three committed infrastructure assets, while April and June 2026 NSE filings identify NIIOF as buyer or purchaser in HG Infra and Ceigall asset transactions. The vehicle's legal identity and SEBI registration remain corroborated by the current LEI record.
Investor questions
Neo Infra Income Opportunities Fund I is covered in Rupeia's private credit research universe. The current public record describes the strategy as Infrastructure income and asset-backed private credit, with a sector focus of Roads, renewable energy, infrastructure assets. The profile should be read with the linked source trail and Typical route: Category II AIF context.
The profile displays only company or asset names attributable to Neo Infra Income Opportunities Fund I in the reviewed public sources: NHAI InvIT; Mahindra-OTPP InvIT; Energy Infra Trust; Chandigarh–Shimla NH-5 BOT road; 430 MWp diversified solar portfolio; NHAI HAM road package DAK 2 and DAK 5; Raipur–Visakhapatnam / Khammam–Devarapalle Expressway assets; Andhra Pradesh NHAI HAM road. It does not represent a complete current portfolio unless the manager has published one.
Neo's public 2026 materials report approximately 21% gross portfolio IRR for the first-vintage portfolio and describe completed or committed asset transactions. Audited fund-level net returns, DPI, TVPI and final realisations are not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: The official strategy page presents a target fund size of approximately INR 2,000 crore and approximately INR 1,000 crore of AUM; the exact final close and current committed capital are not publicly disclosed.. Public terms or access information: Category II AIF investing in operating road and renewable-energy assets, including InvITs, HAM/BOT projects and solar portfolios. Public materials describe periodic distributions and a long-dated infrastructure-income strategy; exact tenure, management fee, carry, hurdle and redemption terms are not fully disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Abishek Goel (Managing Director and Head – Infrastructure & Real Assets Fund); Hemant Daga (Co-Founder and CEO, Neo Alternative Asset Managers). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: The detailed portfolio schedule is available in public presentation copies and issuer filings rather than a complete official fund report. Final close, current NAV, fees, carry, hurdle, realised DPI, vehicle-level audited returns and final status of committed assets are not publicly disclosed..
2026-06-25: Neo's 2026 materials identify five deployed and three committed infrastructure assets, while April and June 2026 NSE filings identify NIIOF as buyer or purchaser in HG Infra and Ceigall asset transactions. The vehicle's legal identity and SEBI registration remain corroborated by the current LEI record.
Next step
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