ChrysCapital Closes Largest Continuation Fund in India, Maintaining Stake in NSE

Singapore – April 30, 2024 – Cooley advised ChrysCapital, a top India-focused private equity firm, on the close of its oversubscribed $700 million continuation fund with two of the world’s leading secondary fund investors. The continuation fund acquired a stake in the National Stock Exchange of India (NSE) from ChrysCapital’s Fund VI, providing Fund VI investors an opportunity to monetize on a highly successful investment and continuation fund investors a chance to invest in the leading stock exchange. ChrysCapital first invested in NSE in 2016 and remains a significant, long-term shareholder.  

The landmark transaction is the largest of its kind in India and ranks among the largest in the Asia-Pacific region.

Lawyers Sean Murphy, Rishab Kumar, Jordan Silber, Xander Lee, Gwenlynne Lee, Shu-en Wee and Kepei Miao led the Cooley team advising ChrysCapital.

Cooley previously advised ChrysCapital on its acquisition of a 75% stake in ProHance Analytics in December 2023 and the close of its $850 million eighth fund in January 2019.

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