#9TDAYVC- DAY10 🎯What is meant by Blind Pool? 🎯What is Draw Down? 🎯Capital Commitments: Capital Commitments under less than 1 Crore is not acceptable under AIF.Employees or Directors of the AIF should Invest a minimum of 25 lakhs. 20 Crores is the minimum capital Commitments for any AIF. In Capital Commitments, Investors do not deposit the cash with the Managers.In India, Capital Commitments have both the combination of Blind Pool & other Innovative Arrangements. Blind Pool structure means that capital committed by the Investors to all over the fund & specific Investments made by the Manager into the fund. 🎯Capital Invested: AIF’S do not generally draw down the funds until they needed. Example if an AIF Closed a Capital Commitments of 1000 Crores, that doesn’t mean 1000 Crores went into the Bank Account.As and when investments are being financed,The Fund Managers will issue draw down notices to the Investors to deposit the cash with the fund. Recommend a time to post👇
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