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Oister Global Forays Into Private Markets With An AUM Of Rs 100 Crore

The investment firm stated that it adopts a meticulous six-step, institutional-grade due diligence process backed by deep market insight and expertise

Oister Global Forays Into Private Markets With An AUM Of Rs 100 Crore

Outlook Start-Up Desk

POSTED ON January 12, 2024 6:12 PM

Oister Global, an investor in the VC and PE funds ecosystem, has announced that its Assets Under Management (AUM) have reached over Rs 100 crore. The investor said that it has deployed this capital into multiple top-tier funds, including Blume Ventures.  

The firm adopts a meticulous six-step, institutional-grade due diligence process backed by deep market insight and expertise. This rigorous approach ensures the selection of funds that demonstrate the potential for exceptional performance., it added in its statement. 

Commenting on the announcement, Rohit Bhayana, co-CEO and co-founder of Oister Global, said, “Last month, silently, Oister crossed a key threshold since its founding not too long ago - of achieving Rs 100 crore worth of AUM. It is a small drop in the ocean of capital India's start-up economy needs over the next five years - as much as  $600 billion. Oister promises to multiply its contribution many folds and back some of the smartest VC, PE, and Private Credit Funds in fueling start-ups and SMEs in India.” 

Commenting on the investment by Oister, Ashish Fafadia, partner at Blume Ventures, said, "Over the last decade, we have observed a surge in interest towards the Indian public markets, attracting a diverse range of investors, including many first-timers participating in IPOs and mutual funds. Looking ahead to the next decade, we aspire to witness a similar evolution in the private markets. We anticipate advancements in transparency and standardized reporting practices, which are pivotal for maturing these markets. Such developments will make the domestic investors more comfortable about participating in the private markets and draw more of them, making India self-reliant in private capital markets. We believe this will boost innovation and enhance the resilience of the Indian start-up ecosystem." 

The recently released CRISIL-Oister report highlights that in a landscape where India's private markets are rapidly maturing, parallel to their US and European counterparts, Oister Global identifies a ripe opportunity for superior returns.  

The report reinforces this perspective, indicating that Alternative Investment Funds (AIFs) in India have outperformed the S&P BSE Sensex (public market equivalent) by generating an internal rate of return (IRR) alpha of 13.5 per cent as of March 2023. Poised at an optimal stage of maturity, the Indian private market is increasingly being recognised as a pivotal contributor to national economic growth. 

Oister endeavours to invest in a curated selection of top-tier alternative funds in India. The investment firm appointed David Wilton as its chief investment officer and Sandeepa Vig as chief business officer last year. 

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