Airport Specific Fund

Airport specific fund
Questions: Airport Specific Fund can raise capital up to which amount?
(a) Rs 10,000 crore
(b) Rs 20,000 crore
(c) Rs 30,000 crore
(d) Rs 40,000 crore
Answer: (a)
Related facts:
  • SEBI has recently approved an Airport Specific Fund.
  • As a Category II Alternative Investment Fund it can raise a capital of up to Rs. 10,000 crores.
  • Chennai-based Taking off to The Future Investment Management LLP is the sponsor and the investment manager of the fund. This company has a presence in the airport sector.
  • The fund would receive contributions from banks, corporate, institutional investors, insurance companies, pension funds, high net worth individuals and other investors in India and abroad as permitted under the AIF Regulations.
  • The fund is targeting a minimum capital contribution of Rs. 3,500 crore and a maximum capital contribution of Rs. 7,000 crore.
  • The trustee and the Investment Manager shall have the option, at their discretion, to revise the target Capital commitments, subject to the maximum size of the fund, not exceeding Rs. 10000 crore.


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