Akil Hirani quoted by IBLJ in an update on Alternative Investment Funds (AIFs) exit timelines

by | Mar 3, 2023

SEBI has sent out notices to several AIFs for failing to honour the timeline of funds specified in their offer documents.

Akil Hirani, Managing Partner, was quoted by IBLJ on the topic.

“While some degree of flexibility is needed, as markets are cyclical and valuations fluctuate, investor interest equally needs to be taken into account. In the current market scenario, both sides have valid concerns. Investors typically park their funds for around seven years, and AIFs are generally structured on that basis, although some could have longer tenure. The SEBI is concerned about another set of investors losing their money through AIFs.”

Read the full article on this link.

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