SEBI has cast new investor diligence obligations on AIF managers, which extends to underlying investors
As per the new rule, the manager of an AIF is not permitted to on-board new investors or draw down capital from existing investors unless the diligence conditions have been complied with…
GP-led secondaries have become fairly popular globally given that they solve for the liquidity concerns among some LPs whilst allowing the GP to capture more upside from an investment.
In a GP- led secondary deal, it is important to find a pricing that works for the exiting investors but keeps the acquisition attractive for the incoming investors…
SEBI holds investors of AIFs having UPSI/ MNPI in breach of insider trading norms for investment decisions of AIFs
Investors into pooled investment vehicles exposed to substantial risk for actions beyond their control and visibility
Compliance seems rather impractical and creates complications for both the AIF and its investors – bad law that needs to studied for its potential implications…
IFSCA proposes significant shift in regulatory regime for investments funds – shift from investment vehicle towards fund management entity (FME)
Replacement of Category I, II and III AIFs under present AIF Framework with investment schemes viz. Venture Capital Scheme, Restricted Scheme (Non-Retail) and Retail Schemes…
