Co-investments are not allowed as per the PFRDA investment guidelines.
Post-investment, AIFs shall provide periodic reporting, including, but not limited to:
• Quarterly portfolio updates
• Net Asset Value (NAV) statements
• Capital account statements
• Valuation reports
• ESG reporting (if applicable)
• Material event disclosures
Yes, the NB-FoF platform may seek participation in the LPAC to facilitate effective oversight and governance.
This may include:
• Representation on the LPAC
• Participation in key governance matters
AIFs are assessed on multiple parameters, including, but not limited to:
• Clarity and robustness of investment strategy
• Risk–return profile
• Stability and experience of the investment team
• Consistency of track record
• Portfolio construction and discipline
• Exit track record and realization capability
• Strength of governance framework
• Regulatory and compliance track record
General Partners (GPs) are expected to adhere to high standards of professionalism and fiduciary responsibility, including:
• Adherence to strong institutional governance standards
• Regular and transparent communication with investors
• Timely and accurate reporting
• Strong alignment of interests with investors
• High standards of ethical conduct
• Focus on long-term value creation
Last Fund refers to the latest vintage fund raised by the Investment Manager within the same strategy (e.g., Debt or Equity) as the proposed fund.
Funds raised in a different category shall not be considered as the “Last Fund” for evaluation purposes.