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.source https://economictimes.indiatimes.com/industry/banking/finance/sebi-wants-alternative-investment-funds-raising-money-to-hire-investment-banks/articleshow/84779683.cms
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