What is placement memorandum? Discuss briefly the contents of placement memorandum.

Placement Memorandum As per the (Alternative Investment Funds) Regulations, 2012, Alternative Investment Fund (AIF) may raise funds by issue of information memorandum or placement memorandum, by whatever name called. Contents of the Placement Memorandum This document shall contain all material information about the AIF and the Manager, background of key investment team of the Manager, targeted investors, fees and all other expenses proposed to be charged, tenure of the Alternative Investment Fund or scheme, conditions or limits on redemption, investment strategy, risk management tools and parameters employed, key service providers, terms of reference of the committee constituted for approving the decisions of the Alternative Investment Fund, conflict of interest and procedures to identify and address them, disciplinary history, the terms and conditions on which the Manager offers investment services, its affiliations with other intermediaries, manner of winding up of the AIF or the scheme and such other information as may be necessary for the investor to take an informed decision on whether to invest in the Alternative Investment Fund.