India's ChrysCapital raises $600 million from several investors
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ChrysCapital, India’s largest and oldest private equity house, has raised $610 million for its seventh fund taking its assets under management to about $3.2 billion. The fund raising was supported by several of LPs are institutions, family offices and individuals who participate as investors in funds.
According to the company’s MD, regardless the environment of fund raising being tough, ChrysCapital's latest mop up took just over a year.
This was a testament to the firm's strong track record of generating good returns and realisations in a market where both have been elusive, he said.
The company’s latest fund will continue to pursue the firm's strategy of investing in minority growth and select control opportunities across its key focus sectors - business services, financial services, pharmaceuticals/healthcare, consumer and manufacturing. It has already made two investments from this fund - the first in L&T Infotech, part of the industrial conglomerate L&T Group and India's largest mid-tier IT services company, and in Hero
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