NISM 19C Alternative Investment Fund Managers Exam Notes

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  • Buyback: Portfolio company repurchases shares from the AIF.
  • Merger and Acquisition (M&A): Exits through company mergers or acquisitions.
  • Exit Planning: Defined in the PPM and aligned with fund tenure.
  • Valuation at Exit: Critical for maximizing returns to investors.
  • Exit Timing: Depends on market conditions and company performance.

NISM 19C Alternative Investment Fund Managers

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