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Neo Special Credit Opportunities Fund II

Fund Snapshot

 

Fund Size

$720Mn

Funds raised

$330Mn (First close achieved in 3 months)

Tenure

6.5 years

Target returns

21-21.5%

Revenue

$40–250 Mn

EBITDA

$10–30 Mn

Entry LTV

<0.5

Debt / EBITDA

<4:1

Traditional Industries

Manufacturing & asset-heavy industries

Sole control position

Preferred, at top of cap structure

Deals evaluated

517

Investments

24

Exits

7

Gross $ IRR

21%

Cash collected

$138Mn

Cash distributed

$52Mn

Quarterly $ yield pay-outs

4%

Pipeline

$228 Mn

Deals in advance stages

6 deals

Target Size

$720 Mn

Legal Structure

India registered – SEBI registered Category II AIF

Gift city registered – IFSCA registered Feeder Fund

Target IRR

21-21.5% ($ Gross); Net $ 15.9-17.8% (Post Fees & Carried interest)

Hurdle

10% ($)

Investment strategy

 

Direct Lending

Provide bespoke credit solutions to:

  • Situations with significant discount to intrinsic value; and/or
  • Value unlocking / multiplier effect of incremental capital

 

Bilateral Debt Buyouts

Deep value debt acquisitions and restructurings:

  • Balance sheet stress of borrowers or
  • Motivated bank sellers

 

Top-Co lending

  • Growth and transaction-focused financing for TopCo /Sponsors.

 

Emphasis on monitoring and enforcement

Focus on building a strong monitoring and enforcement framework on inception of investment period

 

Monitor actual usage of funds

Account conduct to be monitored on lending hypothesis and covenants

  • Quarterly mark-to-market valuation of portfolio
  • Quarterly/monthly risk reviews
  • In case of expected default basis regular risk reviews, be quick to act and timely in the implementation of legal options

Your Wealth, Managed Like a Mission

At AltPort, wealth management isn’t transactional — it’s mission-driven. Every decision serves your long-term goals with discipline and precision. If you want a partner who treats your portfolio with the seriousness it deserves, you’ll feel right at home here.

 

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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.

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