What Oister Global does

Oister Global is a Gurgaon-headquartered, SEBI-registered Category II alternative investment fund manager that provides institutions, family offices, and ultra-high-net-worth individuals with regulated access to Indian private markets. The firm runs a multi-product platform spanning secondary funds (the ACE Fund I, II, and III series), a diversified fund-of-funds (Oister India Pinnacle Fund), feeder funds into capacity-constrained VC/PE managers, a venture debt vehicle, growth and direct investment strategies, and two SEBI-registered AIF vehicles (Lumis Labs Fund, IN/AIF2/21-22/0952; AltFirst India Fund, IN/AIF2/23-24/1469). Across the ACE secondaries franchise, the firm has deployed over ₹1,000 crore of capital, with ACE Fund II raising ₹400 crore at 2x oversubscription.

The firm's stated competitive edge is a six-step institutional due diligence framework (experienced fund managers, past fund performance, distribution of investee performance, franchise robustness, replicability of performance, and governance/reputation), applied manually rather than via proprietary technology. Distribution is exclusively direct and relationship-driven, combining the firm's proprietary investor dashboard (dashboard.oisterglobal.com), an annual LP Brunch, the Room 36 Private Founders Circle, the GP Watchlist (in partnership with TiE Delhi-NCR), and wealth-management/family-office partner referrals. The Tribe Capital India partnership (September 2024) added quantitative investing capability to the secondaries franchise, targeting $500 million over two years.

Revenue is generated via management fees on committed/deployed capital across multiple Category II AIFs, supplemented by carried interest on fund performance, and indirectly supported by thought-leadership content assets such as the annual "No Ifs About AIFs" benchmarking report co-produced with CRISIL (S&P Global) — the third edition of which was presented to India's Finance Minister in February 2026. The company is privately held, with no public financial disclosures, and was founded by Rohit Bhayana and Sandeep Sinha, who previously co-founded Lumis Partners and bring 20+ years of private markets experience.

Name

Oister Global

Legal name

Oister Global Investment Platform Private Limited

Website

https://oisterglobal.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Oister Global is a SEBI-registered Category II alternative investment fund manager in India that offers institutions, family offices, and UHNIs disciplined access to Indian private markets via secondaries, feeder, fund-of-funds, venture debt, and direct investment vehicles.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

akta.pro secondary industry

Endowment / OCIO-Style Multi-Manager Platforms (FSANAGAG)

Keywords

• Private market funds
• Alternative investment management
• Secondaries investment
• Fund of funds
• Venture capital access

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. AIF Fund Management Fees and Performance Carry: Oister Global generates revenue as a SEBI-registered investment manager for multiple Category II AIFs (Lumis Labs Fund, AltFirst India Fund, Oister India Scheme II, Oister India Scheme III, etc.). Revenue is derived from management fees on committed/deployed capital across its secondary funds, feeder funds, fund-of-funds, and direct investment vehicles, plus performance-based carry (carried interest) on fund returns. The firm also produces industry benchmarking reports in partnership with CRISIL, positioning itself as a thought leader to attract AIF capital allocations from domestic institutions, family offices, and UHNIs.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Oister Global operates a private markets asset management platform that builds and manages SEBI-registered Category II Alternative Investment Funds (AIFs) investing in India's late-stage private companies. The firm's product suite spans secondary funds (ACE Fund I, II, III), feeder funds, a fund-of-funds (Oister India Pinnacle Fund), a growth fund, a venture debt fund, and direct investments, all offered exclusively via private placement to institutions, family offices, and UHNIs.

Product overview

Oister Global operates as a multi-product private markets asset management platform offering a coordinated suite of investment products across the risk-return spectrum. The core portfolio consists of three secondaries funds (ACE Fund I, ACE Fund II, and ACE Fund III) providing late-stage secondary exposure to India's high-growth companies; a diversified fund-of-funds (India Pinnacle Fund) accessing top-tier VC/PE managers; feeder funds providing institutional access to capacity-constrained funds; a growth fund investing in tech-led businesses; and a venture debt fund. Direct investments in select late-stage companies complement the fund-of-funds approach. The platform also encompasses two SEBI-registered Category II AIF vehicles (Lumis Labs Fund and AltFirst India Fund), a content and research brand (Unlisted Intel) producing deep-dive analysis and the annual No Ifs About AIFs benchmarking report in partnership with CRISIL, a video series (Second Thoughts), and community initiatives (Room 36 Private Founders Circle, GP Watchlist). Together, these products serve institutions, family offices, and UHNIs seeking disciplined access to India's private market opportunities.

Differentiator

Problem solved

Functional benefit

Brands

• ACE Fund: Oister's flagship secondary fund series providing select secondary exposure to India's late-stage companies
• Oister India Pinnacle Fund
• Lumis Labs Fund
• AltFirst India Fund
• Unlisted Intel
• GP Watchlist
• Room 36
• Second Thoughts

Products and services

• ACE Fund III Oister's third flagship secondary fund targeting ₹500 crore (base ₹250 crore + ₹250 crore greenshoe option), investing in late-stage secondary opportunities across high-growth sectors with proven unit economics and clear liquidity pathways such as IPOs or strategic exits.
• Oister India Scheme V (ACE Fund II) Secondaries-focused fund backing market-leading, high-growth Indian companies including Shiprocket, BlackBuck, Zypp, OfBusiness, Servify, and Bluestone. Closed-end fund at growth and late stage. ACE Fund II was oversubscribed 2x, raising ₹400 crore against its initial target.
• Oister India Scheme V (ACE Fund I) First flagship secondary fund providing select secondary exposure to India's late-stage companies, targeting companies with strong unit economics and clear exit paths. Part of Oister's ACE secondaries franchise that has collectively deployed ₹1,000+ crore.
• Oister India Pinnacle Fund (OIPF) Diversified fund-of-funds (₹440 crore including ₹190 crore greenshoe option) investing across top-tier VC/PE managers from early to late-stage opportunities, with portfolio exposure to Speciale Invest, Filter Capital, Sixth Sense, and Somerset Indus Capital Partners.
• Oister India Scheme II (Feeder Funds) Institutional-style access via feeder structures to capacity-constrained top-tier VC/PE funds, including early-stage investments through partnerships with funds such as Blume Ventures. Portfolio companies include Purplle, Zopper, Intrcity, Sprinto, Cashify, Carbon Clean, Euler, and Ultrahuman.
• Oister Global Scheme I (Growth Fund) Growth fund supporting India's tech-led businesses at growth stage, investing through Filter Capital, with portfolio companies including Capillary, Chalo, Loadshare Networks, THB, MYND, and R for Rabbit.
• Oister India Scheme I (Venture Debt) Venture debt fund backing high-growth Indian companies, partnering with Stride Ventures and investing in companies including Bluestone, Moneyview, Moove, Foxtale, Cureskin, New Me, Not Habit, and Agrostar.
• Direct Investments Direct participation alongside trusted managers in select growth and late-stage private companies including Shiprocket, Agnikul, OfBusiness, and Bombay Shaving Company, approached with institutional underwriting standards.
• Lumis Labs Fund Category II Alternative Investment Fund (AIF) registered with SEBI (Reg. No.: IN/AIF2/21-22/0952), managed by Lumis Labs Investment Manager Private Limited, providing exposure to private market opportunities.
• AltFirst India Fund Category II Alternative Investment Fund (AIF) registered with SEBI (Reg. No.: IN/AIF2/23-24/1469), managed by AltFirst Management Securities Private Limited, focused on private market investments.

Quantifiable outcome

• ₹1,000+ crore total capital deployed across the ACE secondaries franchise.
• +3 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and flagship.

• TiE Delhi-NCRcoreGTM or Marketing Partner · 1 January 2025Oister Global and TiE Delhi-NCR co-produced the 'GP Watchlist' — a curated platform celebrating India's most promising fund managers. The initiative recognizes visionary investors with differentiated deal-making track records. Winners in 2025 included Mitin Jain (India SME Investments), Sheetal Bahl (Merak Ventures), and Nitin Nayar (Filter Capital). The partnership reinforces Oister's positioning as a curator of India's top-tier private markets ecosystem.
• Tribe Capital IndiacoreStrategic or Co-development Partner · 1 September 2024Oister Global and Tribe Capital India formed an exclusive partnership to launch a secondaries franchise targeting India-focused investments. The partnership planned to deploy $500 million over two years into Indian startup secondary transactions. The collaboration combines Oister's local networks, due diligence expertise, and LP relationships with Tribe Capital's quantitative investing approach and international brand. The partnership launched its first vehicle (later evolved into ACE Fund II) and continued with the ACE Fund III launch in May 2026.
• CRISIL (S&P Global)flagshipStrategic or Co-development Partner · 1 January 2023Oister Global and CRISIL (majority-owned by S&P Global) co-produce the annual 'No Ifs About AIFs' benchmarking report — the industry's leading analysis of India's $180 billion AIF industry. Three editions published: December 2023, January 2025, and February 2026. The 2026 third edition was presented to India's Finance Minister Nirmala Sitharaman. The report covers AIF performance, alpha generation, liquidity trends, DPI metrics, and sector exposure, establishing Oister as India's authoritative voice on private markets data and benchmarking.
• Lumis Labs Investment Manager Private LimitedcoreOthersLumis Labs Investment Manager Private Limited is the investment manager for the Lumis Labs Fund (SEBI Reg. No.: IN/AIF2/21-22/0952), one of Oister Global's core AIF vehicles. The entity is part of the Oister Group/Lumis ecosystem, sharing the founding team of Rohit Bhayana and Sandeep Sinha who co-founded Lumis Partners, the operating investment firm behind the Lumis platform.
• AltFirst Management Securities Private LimitedcoreOthersAltFirst Management Securities Private Limited is the investment manager for AltFirst India Fund (SEBI Reg. No.: IN/AIF2/23-24/1469), another core SEBI-registered Category II AIF under the Oister platform. It is a subsidiary within the Oister Group, enabling the firm to manage multiple fund vehicles with distinct investment mandates.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• StepStone Group: Global private markets investment firm specializing in fund-of-funds, secondaries, co-investments, and direct investments. Most directly comparable to Oister's multi-strategy private markets platform, with established presence in India through LP allocations and co-investments.
• HarbourVest Partners: One of the largest global private markets investment managers offering fund-of-funds, secondary purchases, co-investments, and direct investments. Direct peer in the secondaries and FoF space, increasingly active in India and emerging markets.
• LGT Capital Partners: Swiss-based leading alternative investment specialist managing multi-manager private markets programs for institutional and private clients. Comparable as a global multi-manager/private markets FoF platform with similar institutional LP focus.
• Pantheon Ventures: Global private equity fund-of-funds and co-investment manager with strong secondaries capabilities. Direct peer in the FoF and secondaries space serving institutional investors, with growing Asia-Pacific exposure.
• India Alternatives Investment Advisors: India-focused private equity fund-of-funds and secondary transaction manager. Closest domestic peer to Oister's FoF and secondaries strategy within India, serving similar institutional and family office LP base.

Broad incumbents

• ChrysCapital: One of India's largest and longest-tenured private equity firms managing multiple PE funds. Comparable as an established Indian alternatives manager, though focused on control/growth PE rather than secondaries.
• 360 ONE (IIFL Wealth): Large Indian wealth and alternatives platform offering private market fund products including secondaries and FoF to UHNIs and family offices. Comparable in serving sophisticated Indian private wealth clients with alternatives access, though at much larger scale.
• Kedaara Capital: Leading India-focused private equity firm operating multiple PE funds and growth strategies. Comparable as an established Indian alternatives manager with institutional LPs, though operating in primary PE rather than secondaries/FoF.
• Multiples Alternate Asset Management: India-focused private equity and credit alternatives platform managing multiple PE, VC, and debt funds. Comparable as an established Indian multi-product alternatives manager serving institutional LPs.
• ASK Private Equity: India-based asset management group offering private equity fund-of-funds and wealth management solutions. Comparable as an Indian private markets platform serving HNI and institutional clients, with FoF heritage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OisterGlobal
• YouTubeyoutube.com/@OisterGlobal?si=ukUUjBXLhVw44HHW
• LinkedInlinkedin.com/company/oisterglobal
• Instagraminstagram.com/oisterglobal?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==
• Facebookfacebook.com/profile.php

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oister Global