ChrysCapital has closed its tenth private equity fund, ChrysCapital X, at $2.2bn, setting a new record for the largest India-focused PE fund to date, and marking the first time the firm has included Indian LPs in its fundraising, according to a report by Reuters.
The vehicle represents a 60% increase over its previous $1.35bn fund with 15% of commitments coming from domestic institutional investors and family offices.
Global investors from the US, Japan, the Middle East, Europe, and Southeast Asia also backed the fund, underscoring continued global appetite for Indian private markets. ChrysCapital X will target 15 portfolio companies with average investments of $140m–$150m, focusing on technology, financial services, healthcare, and consumer sectors.
Founded in 1999, ChrysCapital has now raised nearly $8.5bn across ten PE funds and invested more than $5.5bn in 110 companies, including Theobroma, FirstCry, KIMS Hospitals, Lenskart, and the National Stock Exchange.
