MUMBAI: Private equity firm ChrysCapital has raised a $700 million for its continuation fund to maintain its shareholding in NSE. The company had first invested in NSE in 2016 through a different fund (Fund VI). The stake has now been transferred to the new continuation fund.
Sources said that investors in the earlier fund have been given the option to either exit their investment in NSE or transfer their stakes to the new fund. ChrysCapital did not comment on deal specifics or on details about its current shareholding in NSE.
The continuation fund has been anchored by HarbourVestPartners, LGT Capital Partners and Pantheon Ventures, the firm said in a statement on Tuesday. “The transaction provided Fund VI investors an opportunity to monetise the performance on a highly successful investment,” the firm said.
Sources said that investors in the earlier fund have been given the option to either exit their investment in NSE or transfer their stakes to the new fund. ChrysCapital did not comment on deal specifics or on details about its current shareholding in NSE.
The continuation fund has been anchored by HarbourVestPartners, LGT Capital Partners and Pantheon Ventures, the firm said in a statement on Tuesday. “The transaction provided Fund VI investors an opportunity to monetise the performance on a highly successful investment,” the firm said.
