Category II Alternative Investment Funds may invest primarily in unlisted securities and rated listed debt, including via other AIF units. The amendment to regulation 17(a) permits Category II Alternative Investment Funds to invest in investee companies or in units of Category I or other Category II AIFs as disclosed in the Placement Memorandum. It explains that Category II AIFs shall invest primarily in unlisted securities and/or listed debt securities rated 'A' or below by a credit rating agency registered with the Board, directly or through units of other AIFs, in the manner specified by the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Category II Alternative Investment Funds may invest primarily in unlisted securities and rated listed debt, including via other AIF units.
The amendment to regulation 17(a) permits Category II Alternative Investment Funds to invest in investee companies or in units of Category I or other Category II AIFs as disclosed in the Placement Memorandum. It explains that Category II AIFs shall invest primarily in unlisted securities and/or listed debt securities rated 'A' or below by a credit rating agency registered with the Board, directly or through units of other AIFs, in the manner specified by the Board.
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