No ‘in-house' trustees for PE, VCs, moots Sebi

No ‘in-house’ trustees for PE, VCs, moots Sebi

Mumbai: The Indian capital market regulator wants private equity and venture capital funds, which have emerged as significant institutional investors in recent years, to have independent trustees having no connection with the sponsor and manager of the funds. About 40% of alternative investment funds (AIFs) — the regulatory term for PE, VC and other pooled vehicles with easier regulations like angel funds — have trustees that are not regulated

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