Chrysalis to raise £125m to support portfolio expansion

Additional capital adds to £300m raised in March

Chrysalis Investments is planning to raise £125m under the firm’s placing programme, which will see its ordinary shares at a price of 238p, part of the firm’s 600 million share placing program announced in March.

The London-listed investment firm said the capital raise will allow it to strengthen its portfolio growth and add new investments into early-2022. According to the firm, place shares will be priced at 238p each, which is a 1.7% premium to the net asset value of 234p as of 30 November 2021. Chrysalis said: "The expected use of new funds is primarily to drive the performance of existing assets in current portfolio companies via certain follow-on investments." Chrysalis £300m initial issue surpasses expectations "In addition, the current effective number of investments is at the bo...