New Delhi, Aug. 29 -- ACME Finvest, the dedicated investment arm of the diversified ACME Group, has ushered in a new chapter for India's alternatives market with the Rs.100 crore first close of its ACE Fund. Registered with SEBI as a Category III AIF under Registration No. IN/AIF3/23‑24/1380, the ACE Fund aims to tap into the surge in demand for sophisticated, hedge‑fund‑style investment strategies.

India's alternative investment industry is no longer fringe. According to SEBI data shared by the Indian Venture and Alternate Capital Association (IVCA), the AIF sector amassed around Rs.12 trillion in committed capital by September 2024, growing at an annualized 32 % over the past ...