Schemes of AIFs which have adopted priority in distribution among investors

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..... Regulations, 2012 ('AIF Regulations'), "Alternative Investment Fund" is a privately pooled investment vehicle, which collects funds from investors, for investing it in accordance with a defined investment policy for the benefit of its investors. 2. As per clause 3(c) of SEBI circular no. CIR/IMD/DF/14/2014 dated June 19, 2014, with respect to investment by the sponsor/manager in the AIF, the sha .....

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..... I in consultation with Alternative Investment Policy Advisory Committee, AIF industry associations and other stakeholders. Meanwhile, it has been decided that schemes of AIFs which have adopted aforesaid priority distribution model, shall not accept any fresh commitment or make investment in a new investee company, till a view is taken by SEBI in this regard. 5. This circular shall come into forc .....

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