Oister Global has launched its third secondaries investment vehicle, ACE Fund III, with a target corpus of ₹500 crore, including a ₹250 crore greenshoe option, according to yourstory.com and inc42.com. This new fund aims to invest in late-stage secondary opportunities across high-growth sectors, focusing on new-age tech companies with proven unit economics and clear liquidity pathways such as IPOs or strategic transactions.
The launch of ACE Fund III follows the strong response to ACE Fund II, which was oversubscribed two times, raising ₹400 crore against its initial target of ₹200 crore. Oister Global has completed five investments from the previous fund, with two companies already seeing valuation mark-ups. The firm has invested in startups like BlackBuck, Servify, M1xchange, Kuku FM, and Purplle through its earlier funds. With the addition of ACE Fund III, the total capital committed across the ACE franchise has crossed ₹1,000 crore, reflecting growing investor confidence in India’s secondary market.
This development highlights the increasing maturity of India’s private markets, where secondary investments are viewed as structured, return-oriented asset classes rather than mere liquidity mechanisms. Oister Global notes that half of ACE Fund I’s portfolio companies have achieved public market outcomes through listings, DRHP filings, or exits. The firm estimates India’s annual secondary opportunity could reach as much as $20 billion, addressing the structural liquidity gap faced by founders and early investors seeking exit options while institutional investors look for exposure to proven late-stage businesses.
Looking ahead, Oister Global plans to deploy ACE Fund III capital into late-stage startups with strong fundamentals and institutional backing. The firm’s focus on secondary investments aims to provide liquidity pathways for early investors and founders while supporting growth-stage companies in raising long-term capital. Observers will watch how ACE Fund III performs in tapping India’s expanding secondary market and facilitating exits and growth capital for startups.