ChrysCapital invests $30 million in L&T Infotech – Feedback

India’s oldest homegrown private equity manager ChrysCapital emerged as one of the anchor investors in L&T Infotech’s IPO as it started deploying capital from the latest fund topping $500 million.

ChrysCapital received the backing of Harvard endowments, Singapore’s sovereign wealth manager and a Belgian pension fund, among others, as its assets under management crossed $3 billion. Long-term global investors have been consolidating their risk exposure to fewer money managers after returns from India disappointed in the past decade. ChrysCapital, which is expected to announce a final close of $600 million for its seventh fund shortly, also elevated co-founder Kunal Shroff as managing partner, a post lying vacant after Ashish Dhawan left to pursue philanthropic initiatives four years ago. Dhawan, one of the posterboys of private equity investing, is an investor in the latest fund as well.

http://economictimes.indiatimes.com/industry/banking/finance/chryscapital-invests-30-million-in-lt-infotech/articleshow/53222988.cms

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