Five AMCs – Edelweiss, Indiabulls, ITI, Motilal Oswal and Sundaram have come out with their category II closed ended AIFs, shows data released by PMS Bazaar.
While Edelweiss, Indiabulls, ITI, Motilal Oswal and Sundaram have launched one scheme each, Indiabulls has launched two schemes. All these schemes are currently open for subscription.
Category II AIFs are typically private equity funds, credit funds, structured debt funds, stressed asset funds and fund of funds. Most of these are close ended; they are not allowed leverage and have specific investment restrictions.
Among the funds which are open for subscription are Edelweiss Crossover Opportunities Fund - Series II, ITI Growth Opportunities Fund, Motilal Oswal - India Realty Excellence Fund IV (IREF IV), Sundaram Alternative Opportunities Series - High Yield Secured Debt Fund – II, Indiabulls Dual Advantage Commercial Asset Fund (IBDACA) and Indiabulls Affordable Housing Fund.