SynopsisThe fund industry is making a strong pitch for smooth conversion of AIF trusts into limited liability partnerships (LLPs) — an entity that overseas investors and managers are more familiar with. The AIF industry will put across its views to a joint parliamentary committee that is taking in feedback for ratifying the proposed changes in the draft Corporate Laws (Amendment) Bill 2026. Introduced in 2008, the LLP has emerged as a popular vehicle among several entrepreneurs.Amid India’s chase for dollars, the private equity and venture capital lobby is doubling down on the need for a structural change to attract more foreign money and managers. An overwhelming number of these pooled vehicles — alternative investment funds (AIFs) in regulatory parlance — are set up as trusts. The fund industry is making a strong pitch for smooth conversion of AIF trusts into limited liability partnerships (LLPs) — an entity thatNow Playing