Neo Alternative announces first close of ₹5,000 crore second infra income fund, targets ₹1 trillion platform

Stating that 5-10 percent of the new fund will be invested in side opportunities such as battery energy storage system projects, Goel said that the fund targets an internal rate of return of 18-20 percent and is expected to close the remaining part. ₹3,500 crore in the next 12 months.