Oister Ace Fund II
A concentrated, secondary-focused private equity fund targeting India's high-growth private companies through a transparent, pre-identified investment pipeline.
What This Strategy Does
Role in a Diversified Portfolio
CW Expert Research Notes
Performance and Risk Analysis
Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.
Detailed Risks
Exit & Liquidity Risk
Returns depend on successful exits through IPOs, strategic sales or secondary transactions; these events may be delayed beyond expected timelines.
Disclaimer: Investments in Alternative Investment Funds (AIFs) are complex and involve a high degree of risk. They are strictly offered via private placement and there is no assurance of returns or capital protection. Further, subscriptions to AIF funds are restricted exclusively to eligible high-net-worth individuals, institutions, or accredited investors meeting the statutory threshold. Prospective investors should review the Private Placement Memorandum (PPM) and consult their financial advisors before making an investment decision. In the case of Category III AIFs, in funds utilizing leverage there may be an increase in the volatility of returns.
Strategy Details
A closer look at the investment thesis, portfolio construction, and current holdings.
Core Investment Theme
Focuses on established private companies with scalable business models, strong revenue growth and potential value realisation through IPOs or other exit transactions. The presentation indicates potential IPO timelines of around 12–36 months for selected companies.
Broader Market View
Private Market Opportunity
IPO & Secondary Market
Market Outlook
Investment Style & Process
Growth-Oriented Secondaries
Concentrated Portfolio
Top Stock Holdings
Fund House Management
The asset management company’s track record, AUM scale, and fund manager credentials.
Fund Manager Track Record
Rohit Bhayana
Lead Portfolio Manager
Rohit Bhayana believes in creating long-term value by investing in high-quality private market opportunities with strong fundamentals, scalable business models, and capable management teams. His investment approach emphasizes disciplined selection, sustainable growth, operational excellence, and partnering with entrepreneurs to build enduring businesses while generating attractive risk-adjusted returns.
Manager's Investment Philosophy
The fund manager investment philosophy focuses on identifying established, high-growth private companies that are transforming traditional industries through innovation, strong business fundamentals and scalable business models. The strategy emphasises secondary-market opportunities, disciplined entry valuations, revenue growth, improving profitability and clear potential exit pathways. It seeks to participate in companies’ long-term value creation while balancing growth opportunities with valuation and liquidity risks.
Anshu Kapoor
Co-Portfolio ManagerAnshu Kapoor is the CEO and Managing Director of Nuvama Asset Management. He has over 25 years of experience in financial services, with expertise in private wealth management, capital markets, alternative investments and business development. He joined the Edelweiss Group in 2010 to establish its Private Wealth Management business and scaled it to approximately US$17 billion in assets under advice over seven years. Before joining Edelweiss, he served as a Director at Merrill Lynch, where he helped expand wealth management operations across India, the Middle East, Asia-Pacific and North America, and held leadership positions in consumer banking and capital markets at HSBC and ICICI Bank. He holds a Bachelor of Business Studies from the University of Delhi and is a Chartered Financial Analyst (CFA) from the Institute of Chartered Financial Analysts of India (ICFAI). At Nuvama, he leads the alternatives-focused asset management business across private equity, listed equities and structured investment solutions
CW Expert Take
Oister combines private-market investing experience with a glass-box approach intended to improve investment visibility. The portfolio's concentration, private valuations and dependence on successful exits remain key considerations.
Firm Overview
Nuvama Asset Management Limited is an India-focused asset management company specialising in alternative investments across private markets, public markets and real estate. The company offers investment solutions through Alternative Investment Funds (AIFs), Portfolio Management Services (PMS) and other specialised strategies, catering primarily to high-net-worth and sophisticated investors. Its investment approach emphasises rigorous research, due diligence, disciplined risk management, portfolio diversification and identifying differentiated investment opportunities across market cycles. The company aims to create long-term value for investors through innovative investment strategies and a client-centric approach.
Investment Philosophy & Approach
Proven Business Models
Emphasises market-leading companies with established customer bases, scalable operating models, revenue growth and potential for improving profitability.
Visibility Before Deployment
Uses a glass-box structure that provides visibility into prospective investments before commitment, supporting company-level assessment and more targeted capital deployment.
Operational & Regulatory Details
What it costs to invest, transaction mechanics, and regulatory disclosures you should know.
Costs and Fees
Regulatory & Tax Information
STCG | <12 Months 20%
LTCG | >>12 Months 12.5% on gain above 1.25 Lakh
Tax Implications (India)