The launch follows the 2x oversubscription of its predecessor, ACE Fund II, which closed at ₹400 crore against a target of ₹200 crore (plus greenshoe), indicating sustained investor participation in the firm’s secondary investment strategy.
Across its earlier funds, ACE I and ACE II, Oister Global has invested in a portfolio of late-stage private companies, including BlackBuck, Servify, M1xchange, Kuku, and Purplle. According to the firm, ACE Fund I has seen multiple portfolio companies move toward public market outcomes through listings, draft prospectuses, or exits, alongside reported improvements in revenue and profitability metrics.
The firm noted that its secondary investment strategy is focused on addressing liquidity needs in India’s private markets, where early investors and founders often seek partial exits while long-term capital continues to look for exposure to late-stage companies.
Oister Global said that the broader secondary market opportunity in India is being supported by increasing deal activity involving secondary components in growth-stage transactions, alongside rising participation from domestic investors.
With ACE Fund III, the total capital deployed across the ACE series has crossed ₹1,000 crore, positioning the franchise among the larger dedicated secondary investment platforms in India, the company said.
Commenting on the launch, Rohit Bhayana, Co-CEO & Co-Founder, Oister Global, said the series reflects the increasing institutionalisation of secondary investments in India and the growing alignment between investor demand for liquidity and capital seeking mature private companies.
Sandeep Sinha, Co-Founder & Co-CEO, added that the firm’s investment approach focuses on structured secondary transactions with clearer visibility and defined liquidity pathways compared to traditional private market investments.
According to Oister Global, the ACE series has been supported predominantly by domestic investors, including family offices, high-net-worth individuals, and institutions.
The fund will continue to focus on secondary opportunities in late-stage, growth-oriented companies across sectors, with exits expected through public listings, strategic transactions, or future funding rounds.
Final close of earlier fund yet to be announced.
