Requirements for Alternative Investment Fund
| SL |
Requirements |
Reference / Link |
| 1 |
- Sponsor and Fund Manager shall jointly submit application in accordance with Schedule “B” of the Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015 [Updated up to 2021] with application fee and other required documents.
- After approval of the draft Trust Deed and draft Investment Management Agreement (IMA), the Trust Deed shall be duly registered. Thereafter, copies of the registered Trust Deed and the final IMA, along with the prescribed registration fee and the bank statement evidencing the contributions of the Fund Manager and Sponsor, shall be submitted to the Commission.
- If satisfied, the Commission shall issue a Registration Certificate in favor of the Fund in the prescribed form as set out in Schedule–F of the Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015 [Updated up to 2021].
|
Checklist of Alternative Investment Department (Annexure-01) |
Fees for Alternative Investment Fund
| Fee Type |
Amount / Rate |
Payment Method |
Remarks |
| Application Fee |
Tk. 2,00,000 (Taka two hundred thousand) |
Bank Draft/Pay Order/Electronic Fund Transfer in favor of the Commission. |
The Fund Manager and the Trustee shall jointly apply to the Commission for registration of the Fund, along with the required documents and an application fee of Tk. 2,00,000/- (Taka two hundred thousand) only, payable by way of bank draft or pay order. The application fee shall be non-refundable. |
| Registration Fee |
0.05% of the fund corpus |
Bank Draft/Pay Order/Electronic Fund Transfer in favor of the Commission. |
At the time of issuance of the consent letter. |
| Annual Fee |
0.04% of the fund’s NAV |
Bank Draft/Pay Order/Electronic Fund Transfer in favor of the Commission. |
within one (1) month of the end of each financial year. |
Alternative Investment Fund
| SL |
Name of the Fund |
Name of the Fund Manager |
Nature of the Fund |
Name of the Trustee |
Initial Fund Corpus (Tk. Crore) |
Registration Date |
|
1
|
UCB Venture Fund-I
|
UCB Asset Management Limited
|
Venture Capital Fund
|
DBH Finance PLC
|
150.00
|
01-Jun-2023
|
|
2
|
UCB Private Equity Fund-1
|
UCB Asset Management Limited
|
Private Equity Fund
|
DBH Finance PLC
|
150.00
|
01-Jun-2023
|
|
3
|
X Angel First Private Equity Fund
|
X Angel Asset Management Limited
|
Private Equity Fund
|
Sandhani Life Insurance Company Limited
|
200.00
|
12-Mar-2023
|
|
4
|
X Angel Vision Venture Capital Fund
|
X Angel Asset Management Limited
|
Venture Capital Fund
|
Sandhani Life Insurance Company Limited
|
100.00
|
12-Mar-2023
|
|
5
|
R Ventures Private Equity Fund
|
SBK Tech Ventures Limited
|
Private Equity Fund
|
BD Finance Limited
|
15.00
|
27-Mar-2022
|
|
6
|
UFSEPL Private Equity Fund
|
UFS Equity Partners Limited
|
Private Equity Fund
|
Shandhani Life Insurance Company Limited
|
125.00
|
29-Sep-2021
|
|
7
|
UFSEPL Venture Capital Fund
|
UFS Equity Partners Limited
|
Venture Capital Fund
|
Shandhani Life Insurance Company Limited
|
125.00
|
31-Aug-2021
|
|
8
|
IDLC Venture Capital Fund I
|
IDLC Asset Management Limited
|
Venture Capital Fund
|
DBH Finance PLC
|
45.00
|
13-Jan-2020
|
|
9
|
Maslin VC Fund - I
|
Maslin Capital Limited
|
Venture Capital
|
Union Capital Limited
|
10.00
|
01-Dec-2019
|
|
10
|
BDVL Venture Fund 1
|
BD Venture Limited
|
Venture Capital
|
IPDC Finance Limited
|
50.00
|
14-Jan-2019
|
Showing 1 to 10
of 11 entries
