Neo Special Credit Opportunities Fund II

Alternative Investment Fund (AIF)

Listing Summary

• Maturity Date: March 2025
• Payments (Coupon Rate): Regular coupon payouts
• Yield % (Indicative IRR): 22 - 24% p.a.
• Minimum Investment: INR 1 Cr

Detailed Overview

Fund Basics

• Fund Type: Category II as per SEBI guidelines
• Fund Focus: Private Credit
• Stage of Investment: Growth-stage, Mezzanine
• Target Geography: Domestic

Investment Strategy

• Sector Focus: Infrastructure, Hospitality, Pharmaceuticals
• Thematic Focus: Special Situations Credit
• Investment Style: Active Management
• Risk Profile: Medium-risk

Fund Structure

• Fund Size: INR 5000 Cr
• Commitment Period: 6.5 years
• Capital Lock-in Period: 3.5 years
• Minimum Ticket Size: INR 1 Cr
• Sponsor Commitment: High-quality institutional partnerships

Fund Performance

• Net NAV Returns: 22 - 24% p.a.
• Hurdle Rate: 12%
• Past Performance: NSCOF I achieved 23% Gross IRR
• Benchmarked Returns: Compared with relevant indices

Expense Ratio & Fees Analysis

• Management Fees: 1.00% - 2.00% based on commitment class
• Performance Fees: 10.0% - 17.5% carried interest

Governance & Management Team

• Fund Managers: Experienced team with over 250 years of cumulative experience
• Decision-making Process: Rigorous due diligence and investment selection methodology
• Auditors & Service Providers: Key compliance partners

Legal, Compliance & Investor Protection

• Regulatory Approvals: SEBI registration
• Taxation Aspects: Structured for tax efficiency

Valuation & Liquidity Considerations

• NAV Valuation Methodologies: Based on market conditions
• Liquidity Options: Exit strategies through refinancing and asset sales
• Alignment with Investor Goals: Capital appreciation and diversification
• Risk Appetite Suitability: Balanced Investors

Miscellaneous

• Fund Launch Date: October 2021
• Co-investment Opportunities: Available