Investment by International Finance Corporation in Everstone Capital Partners V

The International Finance Corporation (IFC) has allocated $60 million to Everstone Capital Partners V, the latest private equity fund from Everstone Group. This investment reinforces IFC’s enduring collaboration with the firm. The funding showcases IFC’s ongoing trust in Everstone’s approach of supporting mid-market enterprises throughout India and Southeast Asia.

Focus Areas of Fund V

Fund V will concentrate on rapidly expanding sectors such as healthcare, technology, consumer products, and financial services. This investment marks IFC’s third successive funding round with Everstone, following commitments of $50 million to both Funds III and IV, as well as a $10 million co-investment in the SaaS-based company Wingify.

Advancing Business and Innovation

Sameer Sain, the co-founder and CEO of Everstone Group, stated that their collaborative efforts aim to build businesses that not only yield robust returns but also foster innovation, promote inclusivity, create quality job opportunities, and support energy transitions in emerging markets.

Strengthening ESG Framework

Beyond financial backing, IFC has aided Everstone in enhancing its environmental, social, and governance (ESG) framework. This has been achieved through the implementation of IFC’s Performance Standards, which bolster the firm’s commitment to sustainable value generation and stringent risk management practices.

Everstone Capital’s Investment Focus

Everstone Capital, the private equity division of Everstone Group, is dedicated to control-focused, mid-market investments spanning technology services, healthcare, pharmaceuticals, consumer goods, financial services, and industrial sectors.