Partner, Nandini Pathak spoke on “Pro Rata and Pari Passu Rights in AIFs following SEBI’s Consultation Paper” at a webinar organized by Navigate AIF.
Nandini was joined by fellow speaker Parth Gala, Co-Founder of Navigate AIF. The session was moderated by Shreyans Barai, founding member of AIF Ops and Compliance Forum and Vice President – EAAA Alternatives, CFO Office.
The discussions provided a comprehensive analysis of the consultation paper’s proposals, specifically addressing the practical implications of the pro rata and pari passu provisions. A significant portion of the conversation was dedicated to examining how these proposals would impact existing fund structures and any corresponding side letters, while also scrutinizing the potential consequences for the calculation of carried interest and performance fees.