Money Makers

UPDATE: In early 2026, Chrysalis shareholders voted in favour of a three-year wind-down process. The trust has become a self-managed vehicle following the subsequent departure of Richard Watts and Nick Williamson.

Chrysalis Investments (CHRY) was launched in late 2018 in a £100m IPO and it raised a further £730m from investors over the next few years. CHRY is a 'crossover' fund meaning that while it primarily invests in private companies, it is happy to keep holding them should they later list on the stock market. It has a highly concentrated portfolio of around 15 high-growth investments, th...