India's ChrysCapital raises $600 million from several investors
Advertisement

Advertisement
Advertisement
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
Advertisement
Air India passengers stranded in Siberia for 2 days were abandoned by the crew, had to sleep on the floor, and were only given bread and rice, relative says
Foreign investors have been dumping vast amounts of Chinese assets, and putting money there will only get riskier
Trump acted like 'the Godfather if it was reenacted by a 5-year-old' to try to keep his hands clean in Mar-a-Lago case: experts
A complete itinerary for your 3 days in Srinagar
List of famous things to buy in Munnar
Ads that sailed into the eye of a controversy
India tops world ranking in digital payments, records 89.5 million transactions in 2022: MyGovIndia
Will regulate AI and ensure it doesn't harm digital citizens: Rajeev Chandrasekhar