Investments by PE Funds are subject to certain additional requirements under the Draft Registration Regulations. The investment must be as per the PE Fund’s strategy reflected in its placement memorandum to its investors or its charter documents. In addition, for a PE Fund to invest as a promoter:
(i) the PE Fund or its parent fund must have completed ten (10) years of operation;
(ii) the funds raised by the PE Fund including its group entities must be at least US$500 million (or its equivalent in INR);
(iii) the investible funds available with the PE Fund must be at least US$100 million; and
(iv) the PE Fund must have invested in the financial sector in India or other jurisdictions.
Source: Barandbench
