Sebi wants alternative investment funds raising money to hire investment banks

The regulator wants a third-party intermediary, governed by rules of the capital market, to verify information in a fund's 'private placement memorandum.' PPM is the key document prospective investors skim through before putting money in alternative investment funds (AIFs) - the regulatory term for PE and VC funds.

from Banking/Finance-Industry-Economic Times https://ift.tt/3l0u8fG