AIFs can't leverage except short-term borrowing. Encumbrance on infra equity allowed. Large funds can extend tenure with unitholders' nod.

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Full Text of the Document

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....SEBI amended Alternative Investment Funds (AIF) Regulations: Category I and II AIFs can't leverage for investments except temporary borrowing up to 30 days, 4 times yearly, capped at 10% investable funds. Encumbrance on equity of infrastructure investees permitted for their borrowing. Large value funds for accredited investors can extend tenure up to 5 years with 2/3rd unitholders' approval. Existing schemes' tenure extension subject to conditions.....