Neev Asset Advisors LLP, a new real estate-focused investment firm, backed by Manipal Education Group chairman Mohandas Pai and chief executive of Manipal Education and Medical Group, Ranjan Pai, and other investors, has raised INR 200 crore and made its first investment in a project in Bengaluru. The fund, Neev Capital, which is targeted at small residential projects of mid-sized developers, has invested INR 25 Crore in a debt financing deal in a residential project in Bengaluru.