NISM 19A AIF Distributors Certification Exam Notes

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  • Waterfall Structure: Defines profit distribution order among investors and managers.
  • Clawback Clause: Recovers excess carried interest if later losses occur.
  • Side Letters: Agreements offering preferential terms to specific investors.
  • MFN Clause: Ensures investors receive terms as favorable as others.
  • Co-Investment: Investors participate directly in deals alongside the AIF.

NISM 19A AIF Distributors

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