IIFL Asset Management (IIFL AMC) has executed a binding term sheet with a renowned global alternate investment manager (Investor) for 33.3% contribution by the Investor in the AIF, subject due diligence to the satisfaction of the Investor. The AIF will have sponsor's contribution of around 33.3% from the Company. The balance contribution in the AIF is expected from other investors. The AIF will have target size of Rs 3600 crore for secondary purchase of NCDs of real estate projects and providing additional liquidity for completion of the same.