More and more AIFs are looking at using the co-investment route to attract further investments into the AIF. This may give rise to multiple issues such as rights at the portfolio level, possibility of being considered persons acting in concert and selection criteria of the AIF to offer the co-investment opportunities.
In this article, Abhinav Harlalka and Nandini Pathak highlight some of the key considerations one should bear in mind when structuring co-investments for Indian AIFs.