Sebi spares AIFs $20 million FDI floor

Local business houses, financial services groups and Alternative Investment Funds will find it easier to rope in foreign partners to carry out fund management activities in India. The Securities and Exchange Board of India has spelt out that sponsors and managers of alternative investment funds, or AIFs, are covered by its regulations — a stand that will spare the sponsors and managers of these funds from a recent government rule that foreign direct investment (FDI) in unregulated financial services cannot be less than $20 million.

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Alternative investment strategies that bring superior returns

The concept of investments has broadened immeasurably over the past decade. The main reasons being global economic slowdown in 2008 and the on-going technological advances. The ability to go online and choose the best trading platform from a choice of dozens allowed us to look in new directions. The arrival of an exciting new era of cryptocurrencies and the growing trend among private investors to consider real estate represent two alternative investment opportunities at opposite ends of the risk spectrum. But while we might still call these alternative investments, they no longer meet that dictionary definition. 2018 has seen a growing interest in what you might call “alternative alternatives,” as investors continue to push the boundaries.

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SEBI: AIFs cannot convert existing open-ended schemes to closed-ended ones

Markets regulator SEBI has issued a clarification that alternative investment funds cannot convert their existing open-ended schemes to closed-ended and vice-versa.

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IIFL Asset Management Launches IIFL India PE Fund Focusing on Professional Entrepreneurship

IIFL Asset Management Limited (IIFL AMC) has launched IIFL India Private Equity Fund, a close-ended SEBI-registered Category II Alternative Investment Fund (AIF), and targets raising around Rs 1,500-2,000 crore.

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The Digital Challenge Through A Private Equity Lens

The digital revolution is presenting a bewildering mix of risks and opportunities for investors. At a time when technology is disrupting markets and transforming businesses with alarming speed, the risk of getting blindsided is an ever-present concern. Yet it cuts both ways. The explosion of data, analytics and connectivity has dramatically enhanced PE funds’ ability to assess companies in due diligence and to improve their performance during the holding period. As markets rapidly transform, funds can find as many opportunities as risks if they have developed the ability to handicap change better than the competition.

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Blockchain Platform To Tokenize “Antiquated” Alternative Investments Sector

An established, award-winning financial services company is vowing to “create huge efficiencies and scalability” for the alternative investments industry by implementing Blockchain and “tokenizing an antiquated system.”

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Sale of bad loans slow down as ARCs bargain with banks over pricing

Banks sell assets to Asset Reconstruction Companies (ARCs) on a full-cash basis or through a 15:85 rule, where 15 percent of the value is paid in cash and the rest in the form of security receipts (SRs) which are instruments that can be sold to qualified buyers such as financial institutions, banks and alternative investment funds (AIFs) through a process of private placement.

While assets over Rs 16,000 crore have been put on sale to clean up balance sheets as the financial year ends, ARCs that buy distressed assets, have been looking for better pricing from banks thus slowing down the buying process,

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World Bank Group’s IFC Launch New Fintech Fund for Emerging Markets

The International Finance Corporation (IFC), a member of the World Bank Group and Victory Park Capital (VPC), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, has launched a new fund. The new fund will invest in financial technology companies in emerging markets. The partnership aims to improve access to debt capital for financial technology companies that lend to small businesses and consumers in emerging markets.

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Electric Vehicles – Next Big Thing in Green Tech

The mass production of electric vehicles is the next big thing in green tech. The advancement in technology and logistics management have brought substantial reduction in cost.

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Webinar: Union Budget 2018 – Impact on AIFs, 19th Feb at 4.30PM

Indian Association of Alternative Investment Funds (IAAIF) is organising a webinar on “Union Budget 2018 – Impact on Alternative Investment Funds”. As a part of its objectives, IAAIF is committed to promote the professional development of the alternative investments industry and curating industry focused high quality education programs, events and professional & investor education initiatives. 

The Union Budget 2018 – Impact on Alternative Investment Funds webinar is scheduled on Monday 19th Feb 2018, from 4.30 PM to 5.30 PM. Webinar link:

http://aiwmindia.wiziqxt.com/online-class/302945

The webinar session will be conducted by Mr. Girish Vanvari, National Head of Tax, KPMG in India and Mr. Vikram Naik, Partner Deal Advisory Tax, KPMG in India