Steptrade Capital raises Rs 100 Cr in first close of Fund II

Steptrade Capital, an Ahmedabad-based alternative investment fund (AIF) manager, has achieved the first close of its CAT II AIF, Chanakya Opportunities Fund II (COF II), by securing investment commitments worth Rs 100 crore. Launched in February 2026 with a target corpus of Rs 500 crore, Chanakya Opportunities Fund II has received commitments from ultra-high-net-worth individuals (UHNIs), family offices, and other investors. According to the company, with the first close completed and capital de