India, Sept. 17 -- PE firm Singularity AMC has closed its second fund, Singularity Growth Opportunities Fund II, at INR 2,000 Cr ($235 Mn) to back growth stage and pre-IPO startups.

The investment firm, in a statement, said that 22% of the fund's capital came from institutional investors, including leading domestic development finance institutions (DFIs), public and private banks, insurance partners and endowments.

There was also strong participation from large family offices, who doubled down post their participation in the first fund, it added.

"Deployment is already underway, with 52% of the fund's capital committed with a robust pipeline," Singularity said.

In a post on LinkedIn, Sandeep Bapat, co-chief investment officer at Singu...