With commitments totaling more than Rs 200 crore, Duro Capital, an investment management company with a focus on India, announced the first close of its first onshore vehicle, the Duro Opportunities Fund.

Launched in July, the SEBI-registered Category III AIF aims to raise a total of Rs 1,000 crore, mostly from a few Indian family offices.

Key Highlights

• Duro Capital achieves ₹200 crore first close for its inaugural India-focused AIF, targeting ₹1,000 crore.
• The Duro Opportunities Fund aims to build a concentrated portfolio of 20–25 listed Indian companies.

In order to create a concentrated portfolio of 20–25 companies, the fund will concentrate on publicly traded Indian companies across market capitalizations and industries. Duro Capital has 15 years of experience managing foreign institutional capital in Indian stocks using long-only and offshore long-short strategies, both of which have outperformed benchmarks in the past.

The company was founded by Nishchay Goel, who also serves as its chief investment officer. It invests in listed stocks by identifying companies with structural advantages through a research-driven process with the goal of generating long-term capital growth through high-conviction, disciplined strategies.

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To ensure alignment with investors, the new fund will function using a fee structure that is linked to performance. Along with its clients, Duro invests a sizeable amount of its own funds.

The company's first domestic vehicle, the India AIF, expands its global fund platform. The action demonstrates Duro's faith in the Indian capital markets and its desire to strengthen ties with top family offices.