In a landmark achievement for India’s private equity landscape, ChrysCapital has announced the successful closure of a record $2.2 billion fund, marking the largest raise in the firm’s 25-year history. The new fund underscores growing global investor confidence in India’s long-term economic prospects and emerging market opportunities.
The latest vehicle, ChrysCapital IX, attracted strong interest from international institutional investors, sovereign wealth funds, and pension funds across North America, Europe, and Asia. The firm plans to deploy the capital across high-growth sectors such as technology, financial services, healthcare, and consumer businesses.
Managing Partner Ashish Dhawan said in a statement, “This milestone reflects both the strength of India’s economic story and ChrysCapital’s consistent track record of generating value for investors. We remain focused on partnering with high-quality businesses and entrepreneurs driving the next phase of India’s growth.”
Founded in 1999, ChrysCapital is one of India’s most prominent homegrown private equity firms, managing over $6 billion in assets across multiple funds. The firm has backed several marquee companies over the years, including Infosys, HDFC Bank, L&T Finance, and Mankind Pharma.
Industry analysts view this record fundraising as a sign of renewed optimism in India’s investment climate, especially amid global economic uncertainty. “India remains a key growth market for global investors, and ChrysCapital’s success reinforces confidence in domestic private equity capabilities,” said a Mumbai-based investment strategist.
The new fund will reportedly focus on mid-to-large cap investments and may also include selective secondary transactions, leveraging ChrysCapital’s deep network and operational expertise.
With this milestone, ChrysCapital cements its position as a leading force in the Indian and Asian private equity ecosystem, setting the stage for another decade of transformational investments.
