New fund · Professional & Local Services

Oister Global launches third secondaries fund at ₹500 crore

What they do

Oister Global invests in late-stage secondary opportunities in high-growth tech companies

It launched ACE Fund III with a ₹500 crore corpus, including a ₹250 crore greenshoe option

Secondaries are becoming a preferred liquidity route for 41% of investors, per an Inc42 survey

Oister Global launched ACE Fund III, its third secondaries fund (a fund that buys existing stakes in companies from early investors).
The fund has a total corpus of ₹500 crore, with a ₹250 crore base target and a ₹250 crore greenshoe option (an option to raise more money if demand is high).
ACE Fund III will invest in late-stage secondary opportunities in high-growth sectors.
It will focus on new-age tech companies with proven unit economics (profitability per customer), institutional backing, and clear liquidity pathways (ways to exit, like IPOs or acquisitions).
Oister's previous fund, ACE Fund II, closed 2X oversubscribed at ₹400 crore against an initial target of ₹200 crore.
From ACE Fund II, Oister completed five investments, and two of those had valuation markups (increase in value).
Half of Oister's six portfolio companies reached public market outcomes via listings, DRHP filings (draft red herring prospectus for IPO), or exits.

Secondaries are becoming a preferred liquidity means for 41% of investors, above IPOs and acquisitions, according to an Inc42 survey.
Public markets demand listed companies focus on sustainable profitability, making secondaries an option for late-stage startups to deliver exits.
IPOs incur complex compliance burdens and can dilute VC investors, impacting IRR (internal rate of return); secondaries offer instant liquidity and avoid acquisition risk.
Competitors like Neo Asset Management and Ironclad Asset Management have also launched secondaries funds, showing growing market interest.

Oister Global is a fund manager that invests in secondary opportunities in Indian startups.
It has allocated over ₹1,000 crore across its secondary series including ACE Fund III.
Oister's funds raised over 98% of capital from domestic investors: family offices, institutional investors, and HNIs (high-net-worth individuals).
From previous two funds, Oister invested in BlackBuck, Servify, M1xchange, Kuku FM, and Purplle.
The company focuses on late-stage tech companies with proven unit economics and institutional backing.