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₹82,228 cr in covid year

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₹82,228 crore in FY21, marginally lower than ₹86,840 crore in FY20. To be sure, these figures are for commitments tied up by fund managers and not the actual money raised, since alternative investment funds typically have staggered capital drawdown plans and do not need the entire committed capital upfront.

AIFs are divided into three categories, with category I comprising angel funds, social impact funds, SME funds and infrastructure funds; category 2 comprises private equity, venture capital and debt funds; and category 3 funds typically invest in public markets such as hedge funds.

The fund mobilization was led by category 2 AIFs, generalist PE, VC and credit funds, raising a combined ₹74,423 crore in the last fiscal year. “The

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