AIF Categories — Deep Dive
Detailed walk-through of each SEBI AIF category — Cat I (VC, infra, social, SME), Cat II (PE, private credit, real estate, debt), Cat III (hedge, long-short) — covering strategy mechanics, return profiles, vintage diversification, and capital deployment cycles.
Cat I AIFs — VC, Infrastructure, SME, Social Venture
Category I AIFs invest in start-ups, infrastructure projects, SMEs, and social-impact ventures — economically prioritised segments where SEBI provides...
Cat II AIFs — PE, Private Credit, Real Estate
Category II AIFs are the largest by AUM and include Private Equity Funds (buyout and growth equity), Private Credit Funds (mid-market lending, distres...
Cat III AIFs — Hedge & Long-Short Strategies
Category III AIFs run hedge fund-style strategies in India — long-short equity, market-neutral, derivatives-driven, multi-strategy. Cat III is the onl...
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