ChrysCapital closes record $2.2 billion fundraise

ChrysCapital, India’s largest homegrown private equity firm, has closed its 10th fund — ChrysCapital X — at $2.2 billion, the biggest India-focused private equity fund ever raised.

- DEV CHATTERJEE

The fund marks a sharp rise from its $1.35 billion predecessor and underscores deepening global and domestic interest in India’s long-term growth trajectory, despite a challenging fundraising environment worldwide.

The fund closed within six months of its first close, attracting commitments from a diversified base of global and — for the first time — Indian investors. Around 85 per cent of commitments came from international players, including pension funds, insurers and sovereign funds, while roughly 15 per cent came from Indian institutional investors and large family offices.