The amendment allows Category I and II AIFs to launch co- investment schemes (CIV schemes) for accredited investors, in addition to the existing co-investment route through Portfolio Managers under SEBI Portfolio Managers Regulations. Co-investments by an investor across CIV schemes are capped at three times their contribution in the main AIF scheme, except for certain exempted institutional investors such as sovereign wealth funds and development financial institutions. The restrictions are placed on ineligible investors, leverage indirect exposures, and regulatory compliance to ensure alignment with the AIF Regulations.