Chrysalis Investments (CHRY) is now seven years old, with a more mature portfolio. Since our last update, strong performance from Starling and signs of recovery at wefox have boosted NAV. Recent asset sales have provided enough liquidity for CHRY to meet its capital allocation commitments, and Klarna’s IPO increases the chance of further realisations. Over 16% of CHRY’s shares have been bought back, narrowing the discount, though there is still room for improvement. Some investors have asked ....