Private Placement Memorandum (PPM)
Also written: PPM
What is Private Placement Memorandum in an Indian AIF?
A private placement memorandum is the offer document an AIF gives prospective investors, setting out strategy, terms, fees, risks and conflicts. SEBI prescribes a template for most funds and requires filing through a merchant banker. A PPM is not a public document, which is why AIF terms are not publicly comparable.
Authority: SEBI (Alternative Investment Funds) Regulations, 2012, as amended
Related terms
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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.