Indian insurers win approval to invest in domestic PE, debt funds
Indian insurers have received the green light to invest in domestic private equity and debt funds regulated under the alternative investment fund (AIF) program introduced last year. It follows a decision in March to allow life and general insurance companies to invest in funds targeting infrastructure, small- and medium-sized enterprises (SMEs), venture capital and social ventures.
Liberalization started in 2011 when insurers' scope for participating in venture funds was expanded beyond infrastructure to include SME-focused vehicles. The recent reforms broaden exposure to the asset...
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