Operational issues hindering Indian pension funds’ PE exposure: PFRDA chairman

Last year, the Pension Fund Regulatory and Development Authority (PFRDA) allowed retail investors subscribing to the National Pension System (NPS) to invest in alternative asset classes, including private equity funds. That meant investors subscribing to the NPS through eight pension funds—SBI Pension Fund, LIC Pension Fund, UTI Retirement Solutions, HDFC ......