ChrysCapital has closed its tenth investment vehicle, Fund X, at $2.2 billion, marking a significant moment for the Indian private equity landscape. The close underscores the firm’s standing among a select group of investment managers that have not only achieved scale but also sustained multiple fund vintages over decades.
Reaching ten funds is considered a rare milestone in private equity, requiring long-term resilience, strong risk management, and the ability to navigate shifting market environments. ChrysCapital attributes its longevity to disciplined decision-making, consistent execution, and a team that has remained cohesive through cycles.
The firm, which now comprises more than 75 professionals, has spent the last 26 years building a model centered on sector expertise, partnership with founders and management teams, and an institutional culture focused on credibility and consistent performance.
ChrysCapital signaled that Fund X will not only continue its strategy of compounding capital but also reinforce the organizational culture that has shaped its identity. The firm emphasized that maintaining reputation and trust across stakeholders—from entrepreneurs and advisors to investors—remains central to its long-term vision.
The latest fund also represents a new chapter in investor participation. For the first time, ChrysCapital welcomed capital from Indian institutions and family offices, marking a growing role for domestic investors in the country’s private equity sector. The firm noted that delivering strong performance in Fund X will be especially significant in reinforcing the broader confidence in India’s private equity market.
ChrysCapital highlighted the role of founders, entrepreneurs, management teams, bankers, advisors, and ecosystem partners who have contributed to the firm’s success over nearly three decades.
With Fund X now closed, the firm is preparing for its next phase of growth, stating that it aims to continue building a world-class institution and remain a long-term partner to both investors and businesses across India and beyond.
