Neo Alternative Asset Managers Join Hands with ex- Walton Street India Industry Veterans
FinTech BizNews Service
Mumbai, April 6, 2026: Neo Alternative Asset Managers (Neo AAM, formerly Neo Asset Management) today announced that Kaushik Desai, Vinit Prabhugaonkar and Vimal Jangla — the former Senior Leadership team from Walton Street India (WSI) — have joined hands with the firm, marking a significant step in strengthening its real estate investment platform and expanding its capabilities across structured and opportunistic investments in India. The trio have worked together for over a period of 17 years and brings over two decades of combined experience across real estate investing, asset management, and structured financing. They have managed and advised on over USD 650 million across 100+ projects, with a significant proportion of investments successfully realised at attractive IRRs, demonstrating consistent delivery of risk-adjusted returns across market cycles.
This comes at a time when India’s real estate sector represents a large structural opportunity, with the market estimated at over USD 500 billion and expected to grow significantly, driven by urbanisation, infrastructure development, and rising demand across residential and industrial segments.
At Neo, the team will focus on identifying and executing structured and opportunistic real estate investments across key segments including residential, industrial & logistics, commercial, and special situations. This initiative marks Neo’s expansion in real estate, with a focus on building a differentiated platform for real estate investments across key urban markets in India. This addition further strengthens Neo’s capabilities across alternative asset classes and deepens its presence and contribution in India’s growing private markets ecosystem.
Commenting on the development, Kaushik Desai, Managing Director, Neo Alternative Asset Managers, said “We are excited to join Neo at a time when the opportunity set in Indian real estate continues to evolve. Our focus will be on building a best-in-class execution-led investment management platform that combines a disciplined investment approach with strong structuring capabilities, and on-ground asset management to deliver consistent, risk-adjusted returns for investors.”
Hemant Daga, Co-Founder, Neo Group & CEO, Neo Alternative Asset Managers, said “This is a strategic addition to our platform as we continue to build Neo into a leading alternatives asset management franchise. The team brings deep domain expertise, a strong track record, and a differentiated approach to real estate investing, which aligns well with our focus on disciplined execution and long-term value creation.”
