Category II AIF
What is Category II AIF in an Indian AIF?
A Category II AIF is one that is neither Category I nor Category III and does not undertake leverage other than to meet day-to-day operational requirements. Private equity funds and debt funds sit here. It is by far the largest category of Indian AIF by commitments raised.
Authority: SEBI (Alternative Investment Funds) Regulations, 2012
Related terms
All 38 glossary terms · Fund directory · SEBI quarterly data
Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.