Guidelines issued for ‘large value funds’ for accredited investors
SEBI has issued a circular on June 24, 2022 (“SEBI Circular”) pursuant to which it provided certain guidelines for large value fund for accredited investors (“LVF”) and also certain requirements for alternative investment funds (“AIF”) in general. The key provisions of the SEBI Circular are set out below:
- Filing of an undertaking along with the placement memorandum for an LVF.
- Process for extension of the tenure of a LVF beyond two years.
- Compliance officer for managers of all AIFs
For further details, please refer to the below document.
