Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Pension funds regulator PFRDA calls for perpetual funds, deeper AIF exit mkt
The Pension Fund Regulatory and Development Authority (PFRDA) is working towards a deeper secondary market for alternate investment funds (AIFs) to help them manage longer fund cycles. PFRDA officials believe that a venture capital and private equity fund should last indefinitely, as having a time limit makes it harder for them to support investments over the long term and achieve significant results.PFRDA has approved reforms allowing National Pension System (NPS) funds to invest in AIFs, potentially unlocking more than INR 1.17 trillion for private equity and venture capital. The regulator has permitted 1% of the total assets under management (AUM) to be invested in AIFs.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.