Admar SCR’s Post

Are you an Investment Fund Manager with an independent review committee? Do you sit on an #IRC? If so, there's lots of new information for you in the latest Borden Ladner Gervais LLP (BLG) client alert, including a checklist of considerations you will want to review. With special thanks to Alla Al-arabi for her assistance in preparing this important update. #governance #investmentfunds #securitieslaw

In this yet another very detailed walkthrough of MF Categorization, Kayezad Adajania asks Harsha Upadhyaya, CFA some important questions around suitability of Sector and Thematic Mutual Funds. Watch this video https://lnkd.in/gUq-bhbE to understand how these funds may be appropriate for your clients/investors. You can attend more such session as a Network FP ProMember: https://lnkd.in/g8w63hD2 #NFPUpSkill #MutualFunds Sadique Neelgund, QPFP® Priya Srinivasan QPFP ®

It's a great article and an eye-opener for those who do not understand the private credit space in Australia and overseas well. Have a read and reach out if want to discuss our Global Private Credit offering.

Watch PGIM President & CEO David Hunt discuss the growing demand for fixed income and why bonds are back in his latest appearance on CNBC’s Squawk Box Asia. Watch the full video here: https://on.pru/3TXDfxE #FixedIncome #PrivateAlternatives

AIF AMENDMENT SEBI has specified the maximum permissible limit for extension of tenure by 'Large Value Funds’. As per notification dated August 05, 2024, SEBI has allowed a large-value fund for accredited investors to extend its tenure up to five years. Condition:  The above extension subject to the approval of two-thirds of the unit holders by value of their investment in the large value fund for accredited investors. Large Value Fund (LVF) Large Value Fund (LVF) for accredited investors means an AIF or scheme of an AIF in which each investor (other than the manager, sponsor, employees or directors of the AIF, or employees or directors of the manager) is an accredited investor and invests at least ₹70 crore. Other Amendment:  SEBI has allowed  Category I and II AIFs to borrow for a period of up to 30 days for the purpose of meeting a temporary shortfall in drawdown from investors for temporary funding requirements and day-to-day operational requirements for not more than 30 days, on not more than 4 occasions in a year, and not more than 10% of the investable funds

Transparency isn't just a buzzword—it's our compass at Reach Alts. The recent AFR article by Aaron Weinman and Jonathan Shapiro dives into the booming private credit market, echoing our own findings of increased transparency and diversification in global markets. Manager selection and thorough due diligence is paramount in private credit, which is why at Reach Alts, we're committed to bringing only the best global opportunities to the domestic market. Our Reach Global Private Credit Fund provides direct access to top-tier managers with proven track records. Ready to enhance your portfolio with global private credit? Reach out to us or visit our portal to learn more: https://lnkd.in/gHuQ4b64 #Transparency #GlobalMarkets #PrivateCredit #Investing #ReachAlts #DueDiligence https://lnkd.in/gTEwB7EE

Watch PGIM President & CEO David Hunt discuss the growing demand for fixed income and why bonds are back in his latest appearance on CNBC’s Squawk Box Asia. Watch the full video here: https://on.pru/3TXDfxE #FixedIncome #PrivateAlternatives

With private equity on the rise, fund managers must not lose sight of their compliance with licensing requirements. As the Australian Securities and Investment Commission (ASIC) investigates the shift from public markets to private equity, concerns around transparency and valuations are emerging.    Fund managers have the option of leveraging the experience of Australian Financial Services Licence (AFSL) holders, ensuring they are monitored and supervised appropriately as a corporate authorised representative. This ensures adherence to regulatory licensing requirements while navigating the complexities of private equity investments. Proper licensing not only mitigates risks but also instils investor confidence, fostering sustainable growth in private markets.   With the significant capital shift in private equity, adhering to robust licensing frameworks is not just a regulatory obligation but a crucial aspect of maintaining integrity and trust in the financial system. By aligning with an experienced AFSL holder, fund managers can manage compliance effectively and seize the opportunities within private equity.     For more information on how Sandford Capital can support your AFS licensing requirements, please reach out to us at info@sandfordcapital.com.   #PrivateEquity #Compliance #AFSL #FinancialServices #ASIC

GCB Capital Ltd GH, a subsidiary of GCB Bank PLC, has launched an innovative investment asset called the Golden Eagle Unit Trust to promote wealth creation. According to the Managing Director of GCB Capital, Kofi Awuku, individuals can begin investing in the scheme with as little as GHS¢100, targeting medium- to long-term financial goals. The Golden Eagle Unit Trust is an open-ended fund that primarily invests in a diversified portfolio of fixed-income securities. It balances stability and growth by offering exposure to both local and offshore markets. Local investments include government securities, corporate bonds, equities, and real estate investment trusts (REITs), while offshore assets encompass sovereign bonds, corporate bonds, and equities. Investors can request redemptions after 30 days and will receive their funds within three to five days of making such requests. Speaking to Joy Business, Kofi El-Awuku highlighted the fund’s objective to democratize investment opportunities: “We do have our investment solution for high-net-worth clients with a minimum threshold of GHS 100,000. However, this excludes a significant portion of the investment public. Click this link or scan the QR code to read more: https://bit.ly/3VJqtom

SEBI's recent circular outlining the filing requirements for alternative investment funds (AIFs) entering a dissolution period is a commendable move towards enhancing flexibility and transparency. By requiring AIFs to submit an information memorandum through a merchant banker, SEBI aims to ensure that investors are well-informed about unliquidated investments. The detailed guidelines, including the need for approval from 75% of investors for in-specie distributions, emphasize the importance of investor consent and clarity. I see this step not only protecting investors but also streamlines the dissolution process, ultimately fostering trust and efficiency in the management of AIFs. It reflects SEBI's commitment to maintaining a robust and transparent financial ecosystem. https://lnkd.in/gYx3cxS9 #SEBI #AIFs #AlternativeInvestments #FinancialRegulation #InvestorProtection #Transparency #DissolutionProcess #FundManagement #InvestorConsent