LPs could enact key man clause with Kohli’s departure from ChrysCapital

34

timage6Indian investment firm ChrysCapital is set to lose its managing director Gulpreet Kohli who is responsible for fundraising and investor relations.

The GP told LPs of his impending departure this week, according to India business news publication VCCircle.

Kohli’s exit technically triggers a key man clause on ChrysCapital’s $510m Fund VI, although it is not known whether LPs will enforce it as a large proportion of the fund has been deployed and Kohli is not at the forefront of deal making.

The departing managing director joined the advisors division of ChrysCapital in May 2000 and has been responsible for leading client fundraising functions in addition to managing the consumer sector.  He previously worked at General Electric and was selected into its two-year global financial management leadership program.

In March this year ChrysCapital led a $53m Series B round for LiquidHub, which will support the digital integrator’s growth plans including potential mergers and acquisitions.

The firm said at the time that this was its largest cross-border investment to date.

Copyright © 2014 AltAssets