PE firms are aggressively topping up earlier investments made in listed companies at a time when valuations are at a fraction of what they were a year ago. Among the big firms scooping up equity in listed entities to average out costs are ChrysCapital and Singapore-based Orient Global which have made direct secondary market investments. Also See Value Adds “There are some very attractive valuations. The corrections have taken place and depending on our investment thesis, we have an opportunity to take a position in listed companies, and top it up, too,” said Sanjiv Kaul, managing director of ChrysCapital, while declining to provide further details. Others such as Standard Chartered Private Equity Ltd and Blackstone Group Lp. have also been buying, the only difference being that these have had some promoter-level engagements at an earlier stage. […]