Chris Capital, a domestic private equity firm, raised $600 million from global investors

The home grown private equity firm Chris Capital has raised $600 million as part of its 7th fund from global investors such as Government of Singapore Investment Corporation (GIC) and Harvard Management Company. The fund was among founding investors of Yes Bank, and the portfolio boasts of a number of publicly traded bluechip firms such as Idea Cellular, Axis Bank and HCL. The latest fund has been raised in little over an year, and has attracted interest from a combination of investors, referred to as limited partners (LP) in the private equity industry, that include insurance companies, university endowments and family offices.

The newly raised fund, ChrysCapital VII, has made two investments: (1) A mid-tier IT services firm L&T Infotech (2) Hero FinCorp, a Non-Banking Financial Corporation floated by the Hero Group. The firm’s portfolio of interests includes sectors as varied as business services, financial services, pharmaceuticals, healthcare, consumer and manufacturing. The company has made 80 investments in India since its inception, and exited from 60 of them claiming to have realized over $4 billion from the sale of its investments.