MUMBAI: Private fairness agency ChrysCapital has raised a $700 million for its continuation fund to preserve its shareholding in NSE. The firm had first invested in NSE in 2016 by a distinct fund (Fund VI). The stake has now been transferred to the brand new continuation fund.
Sources stated that buyers within the earlier fund have been given the choice to both exit their funding in NSE or switch their stakes to the brand new fund. ChrysCapital didn’t touch upon deal specifics or on particulars about its present shareholding in NSE.
The continuation fund has been anchored by HarbourVestPartners, LGT Capital Partners and Pantheon Ventures, the agency stated in a press release on Tuesday. “The transaction provided Fund VI investors an opportunity to monetise the performance on a highly successful investment,” the agency stated.
Sources stated that buyers within the earlier fund have been given the choice to both exit their funding in NSE or switch their stakes to the brand new fund. ChrysCapital didn’t touch upon deal specifics or on particulars about its present shareholding in NSE.
The continuation fund has been anchored by HarbourVestPartners, LGT Capital Partners and Pantheon Ventures, the agency stated in a press release on Tuesday. “The transaction provided Fund VI investors an opportunity to monetise the performance on a highly successful investment,” the agency stated.
