For AIF Managers
A new offshore capital channel. Your operations don't change.
You manage SEBI Category II performing credit. You have the track record, the origination, the portfolio. What you don't have — and shouldn't have to build — is the infrastructure to accept tokenised USD capital from global accredited investors through GIFT City. aarnâ IYP is that infrastructure.
How it works
Global Investor
USD
aarnâ FME
GIFT City · FPI
Your AIF
INR
aarnâ's GIFT City FME subscribes into your fund as a single FPI LP. One entity on your cap table. Standard SEBI FPI route. Your fund receives INR via AD1 bank — the same way any foreign portfolio investor subscribes today.
Your operations remain unchanged:
Same NAV reporting
Quarterly, to your existing auditor, on your existing schedule
Same compliance
SEBI Cat II regulations, your existing RTA, your existing custodian
Same portfolio management
Your CIO, your credit committee, your origination pipeline
Same LP servicing
aarnâ's FME is one LP. We handle our own investors.
What you get
New capital channel
Global accredited investors — NRIs, family offices, crypto-native allocators, wealth platform clients — accessing your fund through aarnâ's regulated tokenisation layer. Capital you would not reach through your existing domestic distribution.
USD-denominated LP
aarnâ's FME subscribes in USD (converted to INR via AD1 bank under FETERS). You receive INR. FX hedge is aarnâ's responsibility, not yours.
No operational burden
You do not issue tokens. You do not manage wallets. You do not interact with blockchain infrastructure. You do not change your compliance framework. aarnâ handles the entire tokenisation, distribution, and investor-servicing layer.
Pipeline participation
ICT is the first product. As aarnâ IYP scales — IBT (bonds), sovereign, index — your fund can be included in multiple product wrappers, expanding your offshore LP base without incremental effort.
Terms
Structure
aarnâ GIFT City FME subscribes as single FPI LP into your SEBI Cat II AIF
Your commitment
Accept one new LP (aarnâ FME). Standard subscription documents.
NAV reporting
Quarterly, per your existing schedule. aarnâ publishes on-chain after your auditor certifies.
Distribution flow
Your fund distributes INR to aarnâ FME. aarnâ converts to USD and distributes USDC to token holders.
Minimum AIF AUM
₹2,000 Cr+ with 3+ vintage track record preferred
Default threshold
Sub-2% historical portfolio default rate
AIF Partners
Leading SEBI Cat II AIF managers with multi-vintage performing credit track records. Partner details available under NDA.
One conversation. No operational change on your side.
Schedule CallConfidential — for prospective AIF partners only · Last updated: April 2026