Oister Ace Fund II

AIF - Private Equity

Equity

Private Equity Funds

Diversified

Growth,Aggressive Growth

Investor Profile

1 - 5 YearsInvestment Horizon

HNITarget Segments

Structured as a SEBI-registered Category II AIF. The fund's terms, investor eligibility and applicable regulatory requirements should be reviewed before investment.Regulatory Fit

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

The fund has a 5-year tenure, extendable by up to 2 years with investor consent. Investors should be prepared for limited liquidity and uncertain exit timing.

CW Expert Research Notes

Secondary-Led Growth

Focuses on acquiring stakes in established, high-growth private companies, with potential value creation through business expansion and future liquidity events.

Pre-IPO Opportunity

Targets companies at different stages of maturity, with several portfolio businesses having potential IPO timelines of approximately 12–36 months.

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.

Valuation & Business Risk

Private-company valuations may be difficult to realise, while high-growth businesses with limited or negative profitability may face execution and margin-expansion challenges.

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

India's expanding digital consumption and organised consumer markets create growth opportunities across beauty, jewellery, food, technology services and digital entertainment.

IPO & Secondary Market

A secondary-focused approach may provide access to more mature businesses and potentially shorter holding periods, although public-market conditions can affect exit valuations and timing.

Investment Style & Process

Growth-Oriented Secondaries

Primarily targets secondary transactions in established private companies, seeking exposure to business growth while reducing dependence on early-stage investing.

Concentrated Portfolio

Plans to hold approximately 6–8 companies, with up to 75% of capital allocated to a pre-identified company pool, creating focused exposure to selected investments.

Top Stock Holdings

CompanySectorAllocation

BluestoneFine Casual Jewellery—

PurplleBeauty and Personal Care—

ServifyConsumer Electronics Support—

KukuOnline Streaming Platform—

IDFood and Beverages—

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Rohit Bhayana

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 Manager

Anshu 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

Total AUM₹4,732 Cr

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.