ChrysCapital Management

Q2 analysis: Private equity goes public

Second-quarter analysis: Low public market valuations create investment opportunities; China fundraising slows; private equity firms perform cornerstone role in Asia IPOs.

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Endowments: Still gold standard?

North American endowments took a beating during the financial crisis and the recovery process has been slow. But they retain the ability to uncover high-quality GPs, in the US and beyond

  • LPs
ChrysCapital closes fund VI at $510m

In keeping with its conservative approach, ChrysCapital opts for a smaller fund than the last cycle and plans to outsmart the competition by targeting smaller deals

ChrysCapital no fair-weather friend to Intas

Back in 2005, the principal concern for much of India’s rural population was where their next meal was going to come from. Over the past seven years, however, the spoils of rapid economic growth have trickled down through the social strata. Rural residents...

Navis mulls buying Twilight Litaka stake

Malaysia-based Navis Capital Partners is in negotiations with Indian pharmaceutical company Twilight Litaka Pharma about a potential cash injection of $1.5 billion ($29 million) in the firm.

Olympus Capital invests $38m in Karur Vysya

Olympus Capital Holdings Asia has bought a 4.8% stake in India’s Karur Vysya Bank for $38.34 million as part of a PIPE transaction. It comes one month after ChrysCapital invested $31 million in the bank.

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Indian LPs: Emerging or defunct?

Having a larger domestic LP base in India could create a more sustainable fundraising environment for GPs, but few industry participants expect institutions to be let off the leash in the near term

  • LPs
Providence buys Hathway Cable stake

US-based private equity firm Providence Equity Advisors has jointly invested INR3.58 billion (US$71.36 million) with Macquarie Bank for a 17.3% stake in India’s Hathway Cable & Datacom.

Beacon India acquires 1.3% stake in PE-backed construction firm

Beacon India Private Equity Fund, a $200 Million Indian growth capital vehicle, has acquired a 1.3% stake in NCC, a listed construction and infrastructure enterprise backed by The Blackstone Group and ChrysCapital Advisors. The transaction is worth INR216.4...

Sharing ideas in India

I was in India last week for our local event, the final one of the year, which successfully took place in Mumbai. As usual, key executives of the local private equity industry got their chance to share their views on the market with their peers from other...

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In defense of PIPEs

India fund managers see investments in public equities as part of a flexible strategy that is essential to success in the country

Established Indian GPs shine in fundraising

It's not secret that many private equity firms are gearing up for a major fundraising spree in Asia. From the global firms like KKR, Bain and TPG to the Asia-based regional funds and focused, country-specific funds, private equity vehicles are in the...

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PE succession planning: Continuity issues

Asia’s private equity industry may not be old, but it is still volatile. Firms that fail to address succession planning – due to staff turnover if not staff ages – risk losing the confidence of LPs.

  • GPs
ChrysCapital accumulates 7.2% stake in NCC

ChrysCapital has bought a 7.2% stake in NCC, an Indian construction company backed by Blackstone Group, for INR1.37 billion ($30 million). The purchases – 18.5 million shares in total – were made on the open market by ChrysCapital unit Warhol between...