Industry Odisha Bureu, April 4: Since the Pension Fund Regulatory and Development Authority (PFRDA) has been entrusted with the tough task of causing pension fund reforms in India, it is on its concerted efforts to evolve ways and means so that a “deeper secondary market for alternate investment funds (AIFs)” is created in a bid to aid the financial arena for “longer fund cycles”.
As per media reports, PFRDA incumbent chairman S Ramann strongly advocates for “a venture capital and private equity fund” that “ought not to be for a limited period.”
Speaking to media, the PFRDA chief batted for “funds running perpetually”.
Elaborating on it, he reportedly argued that the capital to the limited partners (LPs) need not be folded up. Rather, the fund managers should approach the LPs to invest further within the same fund.
Notably, PFRDA has reportedly accorded green signal to the reforms that permit funds under the National Pension System (NPS) to be invested in alternate investment funds (AIFs). Thus, over Rs 71.17 trillion could reportedly be meant for private equity and venture capital, media reports said.
