India’s ChrysCapital raises $850 million for PE fund

Private_equity_searchPrivate equity firm ChrysCapital has rounded off the funding process for its eighth and latest fund, raising $850 million in four months. The fundraising is one of the fastest by an Indian firm. ChrysCapital’s total assets under management top $4 billion. “Given our strong pace of deployment of over $200 million per year and an active pipeline, we decided to embark on raising eighth fund in August 2018,” said Kunal Shroff, managing partner at ChrysCapital. “The fund was significantly over-subscribed past its hard cap of $850 million by October,” he added. 2018 was a bumper year for private equity investments in India as they soared to a record $33.1 billion. ©2019 funds global asia

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