India, June 1 -- Indore-based financial services firm Kyro Capital has launched a SEBI-registered Category II alternative investment fund (AIF) with a target corpus of Rs.100 Cr to back growth-stage companies preparing for public listings.

Called Kyro India Opportunities Fund - I, the fund will invest in profitable Indian companies that are expected to go public within 24 to 36 months. The fund is targeting an internal rate of return (IRR) of 35% through the investments.

The firm is targeting the first close of the fund by July 2026. It expects the final close to take place before June next year. The fund has a planned tenure of five years, with an option to extend it by two years.

The minimum investment commitment for limited partners...