Explain the following: Placement Memorandum for Angel Fund.

Alternative Investment Funds (AIFs) and Angel Funds shall raise funds through private placement by issue of an information memorandum or placement memorandum, by whatever name called. Such information memorandum or placement memorandum must contain all material information about the Alternative Investment Fund and the Manager, including: 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 Alternative Investment Fund or the scheme. Such other information as may be necessary for the investor to take an informed decision on whether to invest in the Alternative Investment Fund.