Finance

India's oldest PE firm ChrysCapital set to raise $850 million, says report

Updated : December 20, 2018 09:22 AM IST

The size of the fund can go up to $950 million as the firm's partners are also planning to contribute $50-100 million, the report said.

The fresh capital raised by the fund, which will close in the first quarter of next year, will take the total money raised so far to over $4 billion, as per the report.

India's oldest PE firm ChrysCapital set to raise $850 million, says report

Private equity firm ChrysCapital is likely to raise their eighth and one of the largest funds of at least $850 million, Times of India reported.

The size of the fund can go up to $950 million as the firm's partners are also planning to contribute $50-100 million, the report said citing people with direct knowledge of the matter.

The fresh capital raised by the fund, which will close in the first quarter of next year, will take the total money raised so far to over $4 billion, as per the report.

ChrysCapital invests across sectors like financial services, business services, pharma, life sciences and consumer.

Existing sponsors — including sovereign wealth managers, global pension funds and large university endowments — are participating, sources told the paper.

ChrysCapital declined to comment on ET queries.

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