India, May 20 -- PE firm Oister Global has launched its third secondaries vehicle, ACE Fund III, to back late-stage startups. The fund's Rs.500 Cr corpus comprises a base target of Rs.250 Cr and a Rs.250 Cr greenshoe option.

The new fund will invest in late-stage secondary opportunities across high-growth sectors, focusing on new-age tech companies with proven unit economics, institutional backing, and clear liquidity pathways such as IPOs or strategic transactions.

Earlier, the firm's ACE Fund II closed with 2X oversubscription, raising Rs.400 Cr against its initial target of Rs.200 Cr. Oister said it has completed five investments from the fund, of which two companies have already had their valuation marked up.

The PE firm said it ha...