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PE firm ChrysCapital closes $700 million continuation fund in India

IndianStartupNews

IndianStartupNews · 1y ago

PE firm ChrysCapital closes $700 million continuation fund in India

Indian private equity firm ChrysCapital has closed a $700m continuation fund, which will primarily be backed by HarbourVest Partners, LGT Capital Partners and Pantheon Ventures. The fund has acquired a stake in the National Stock Exchange of India, offering existing investors the choice to either cash out or roll over their investments. This continuation fund allows ChrysCapital to keep certain assets in a new fund and provides liquidity and return options for investors. With over $5bn raised across nine funds, ChrysCapital has a successful track record of investments and substantial returns.

Related News

PE Firm ChrysCapital Closes $700 Mn Continuation Fund

Inc42 · 1y ago

PE Firm ChrysCapital Closes $700 Mn Continuation Fund

Private equity firm ChrysCapital has closed a $700 million Continuation Fund, anchored by US-based HarbourVest Partners and European funds LGT Capital Partners and Pantheon Ventures. The fund will allow ChrysCapital to maintain its stake in the National Stock Exchange (NSE) as it acquires ChrysCapital Fund VI's stake in the stock exchange. ChrysCapital claims to be the largest PE firm of its kind in India, having raised over $5 billion across nine funds and invested over $4 billion in more than 100 deals. The announcement comes amidst a series of new fund launches in the VC and PE space in India.

ChrysCapital raises $700 mn to keep NSE stake, return capital to sixth fund’s LPs

VCCircle

VCCircle · 1y ago

ChrysCapital raises $700 mn to keep NSE stake, return capital to sixth fund’s LPs

Private equity firm ChrysCapital has raised $700 million for a "continuation fund" to acquire the stake it holds in the National Stock Exchange (NSE). The fund has been anchored by US-based HarbourVest Partners, and European firms LGT Capital Partners and Pantheon Ventures. ChrysCapital used the fresh capital to buy out its Fund VI from the NSE, allowing it to return money to investors while giving new investors exposure to the Indian stock exchange. ChrysCapital has raised over $5 billion across nine funds and has invested more than $4 billion in over 100 deals.

PE firm Multiples closes $430 Mn continuation fund

Entrackr

Entrackr · 2m ago

PE firm Multiples closes $430 Mn continuation fund

Private equity firm Multiples Alternate Asset Management has raised $430 million for a continuation fund to extend its investment in three portfolio companies — Vastu Housing Finance, Quantiphi, and APAC Financial Services. The transaction allows investors in Multiples Fund II to monetize their investments while enabling the firm to continue holding on to high-performing assets, according to a press release. The continuation fund, which was oversubscribed, is backed by four global investors — HarbourVest Partners, Hamilton Lane, LGT Capital Partners, and TPG NewQuest. Some existing Fund II investors have also rolled over their commitments into the new vehicle. Vastu Housing Finance is focused on affordable housing credit, Quantiphi provides AI and digital engineering solutions, and APAC Financial Services is an emerging financial platform with a growing nationwide presence. The fund also includes additional capital for follow-on investments in these companies. Renuka Ramnath-led Multiples has backed more than 35 companies and seen exits across IPOs, strategic sales, and secondary transactions.

ChrysCap raising continuation fund; Blackstone opposes Aakash debt conversion

VCCircle

VCCircle · 1y ago

ChrysCap raising continuation fund; Blackstone opposes Aakash debt conversion

Indian private equity firm ChrysCapital is reportedly raising a continuation fund worth up to $300 million to retain its stake in the National Stock Exchange of India Ltd (NSE). The firm is working with a team at UBS Group AG for this purpose. In other news, Blackstone is said to be opposing the debt conversion plan of Aakash Education Services.

Digit General Insurance, Atomberg Backer A91 Partners To Raise Its Largest Fund At $750 Mn

Inc42 · 1y ago

Digit General Insurance, Atomberg Backer A91 Partners To Raise Its Largest Fund At $750 Mn

Mumbai-based investment firm A91 Partners is in the process of raising its largest fund ever, targeting $700-750 million. The firm, which counts Digit General Insurance and Aye Finance among its portfolio companies, aims to support capital-efficient, growth-oriented businesses across various sectors in India. With the increase in fund size, A91 Partners may raise its average investment from $20-30 million to $35-40 million. The firm closed its second fund at $550 million in 2021 and has made partial exits from companies like Atomberg and Pushp. Other major players like ChrysCapital and Kedaara Capital are also preparing to secure fresh funds in India.

Kedaara Capital eyes $200-300 million continuation fund

Livemint

Livemint · 28d ago

Kedaara Capital eyes $200-300 million continuation fund

Kedaara Capital is planning to raise a $200-300 million continuation fund to retain its successful portfolio companies, referred to as "trophy assets," that require more time to realize their potential beyond the regular fund cycle. This strategy allows investors to gain interim liquidity while maintaining investment in high-performing companies. Kedaara joins other funds such as Multiples and ChrysCapital that have also established continuation vehicles recently to sustain their investments.

Multiples PE raises continuation fund to stay invested in three firms

VCCircle

VCCircle · 3m ago

Multiples PE raises continuation fund to stay invested in three firms

Multiples Alternate Asset Management, led by Renuka Ramnath, has established a continuation fund to maintain its investments in three companies initially supported by its second flagship fund. The private equity firm, known as Multiples PE, originally closed this fund in 2016. The creation of the continuation fund reflects Multiples PE's strategy to sustain its financial involvement and potentially capitalize further on its initial investments, underscoring its long-term commitment to these companies.

ChrysCap takes a step forward for India’s largest PE fund with extra dose from LPs

VCCircle

VCCircle · 5m ago

ChrysCap takes a step forward for India’s largest PE fund with extra dose from LPs

ChrysCapital is progressing towards establishing India's largest sector-agnostic private equity fund. After a soft launch last year, the firm is preparing to close its tenth consecutive fund, indicating significant commitment from Limited Partners (LPs). The fund aims to invest in various sectors across India, marking a milestone in the PE landscape. ChrysCapital continues to build on its reputation, leveraging extensive industry experience and investor confidence to secure substantial capital for future investments.

ChrysCap hits the road to raise biggest PE fund ever in India

VCCircle

VCCircle · 10m ago

ChrysCap hits the road to raise biggest PE fund ever in India

- ChrysCapital launches its tenth fund, aiming to raise the largest PE fund ever in India - The base target of the fund is $1.5-1.6 billion - The fund is expected to attract significant investor interest - ChrysCapital has a track record of successful investments in India - The fund will be used to finance promising Indian businesses

ChrysCapital seals over $800-mn PE exit

VCCircle

VCCircle · 1y ago

ChrysCapital seals over $800-mn PE exit

ChrysCapital, a prominent private equity firm, has completed an exit worth over $800 million, marking a successful liquidity event. Known for raising India's largest sector-agnostic PE fund and being active in investment activities in 2023, this recent development is expected to attract more limited partners to the firm. The details regarding the specific deal and its implications are not provided in the summary.

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