New Delhi, Dec. 1 -- After raising its largest-ever private equity (PE) fund of $2.2 billion, ChrysCapital is now open to taking higher-risk bets, said Saurabh Chatterjee, managing director at the firm.

"We've seen some other firms take risks that, at the time, we weren't comfortable taking. But they worked out really well for them. So now we're looking at whether there are specific situations where we, too, can take more risk," said Chatterjee, who leads fundraising and limited partner (LP) relationships.

He said the firm's risk appetite is rising in situations where ChrysCapital can back companies with weaker operations, step in, fix them and create value.

This comes at a time when PE firms are actively scouting for buyouts of tradit...