AIF

AIFs, not luxury apartments: How India’s wealthy are reimagining real estate investments, says Karthik Athreya

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AIFs, not luxury apartments: How India’s wealthy are reimagining real estate investments, says Karthik Athreya

India’s high-net-worth individuals (HNIs) and ultra-HNIs are shifting gears when it comes to real estate investing. Gone are the days of managing individual apartments and hunting for tenants. Instead, wealthy investors are increasingly opting for structured, professionally managed exposure through Alternative Investment Funds (AIFs). According to Karthik Athreya, Director and Head of Strategy – Alternative … Read more

Apex PE-VC body seeks govt’s help to ease AIF curbs

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Apex PE-VC body seeks govt’s help to ease AIF curbs

Mumbai: The Indian Venture and Alternate Capital Association, or IVCA, is reportedly in discussions with central government officials to help ease the wide-ranging curbs the banking regulator imposed earlier this week on Alternative Investment Funds (AIFs), potentially choking institutional fund flows to a high-risk and hitherto lightly regulated investment vehicle experts believe could be misused … Read more

RBI tightens norms for lenders investing in AIFs

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RBI tightens norms for lenders investing in AIFs

The Reserve Bank of India (RBI) has directed banks and non-banking financial companies (NBFCs) to not make investments in any Alternative Investment Funds (AIFs) that has downstream investments either directly or indirectly in a debtor company of the bank.  The notice aims to address concerns relating to possible evergreening through this route. The move is … Read more

Sebi moots higher threshold for investment in AIFs

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Sebi moots higher threshold for investment in AIFs

Mumbai: The capital market regulator on Wednesday broached the idea of raising the minimum ticket size of investment in private equity (PE) and venture capital (VC) funds while favouring a regime that eventually paves the way for only deep-pocketed investors to put money in these funds. At meeting with the high-level panel headed by Infosys … Read more

ICICI Pru aims to raise Rs 2,000 crore via maiden alternative fund

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ICICI Pru aims to raise Rs 2,000 crore via maiden alternative fund

ICICI Prudential Asset Management Company is planning to raise up to Rs 2,000 crore through its maiden credit alternative investment fund (AIF) amid increasing demand for private credit. It will invest in the performing credit space with a credible promoter backing. It will aim to generate an 11-13%internal rate of return (IRR) with a four-year … Read more

Australia seeks clarity on agri infra fund, cotton subsidies

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Australia seeks clarity on agri infra fund, cotton subsidies

India’s Agriculture Infrastructure Fund (AIF) and cotton subsidies have come under scrutiny at the World Trade Organization (WTO), with Australia seeking clarity on the scope of the fund and confirmation that New Delhi has not exceeded its 10% ceiling support, called de minimis in trade parlance, for the natural textile fibre. Australia has asked India … Read more

View: A healthy LP-GP relationship needs to be on Sebi’s mind while issuing new diktats

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View: A healthy LP-GP relationship needs to be on Sebi’s mind while issuing new diktats

Synopsis Sebi has now prescribed onerous obligations on all members of IC and similar bodies like LPAC, which may approve investment decisions. Such members, including external investor nominees and outside professionals, have been made jointly and severally liable as IM for any investment decisions, compliance with the fund documents and applicable laws. This possibly emanates … Read more