The International Finance Corporation (IFC) has once again demonstrated its strong backing for growth in emerging markets, announcing a substantial $60 million investment in Everstone Capital Partners V (Fund V), the latest private equity vehicle of the Everstone Group. This move significantly strengthens the enduring partnership between the two entities.
Strategic Focus on High-Growth Sectors
The investment underscores IFC’s continued confidence in Everstone’s established strategy of backing promising mid-market businesses across India and Southeast Asia. Fund V is strategically positioned to tap into rapid growth in key sectors, including:
- Healthcare
- Technology
- Consumer Goods
- Financial Services
This sector focus aligns with the goal of generating robust financial returns while fostering inclusive and sustainable economic development.
A Repeated Vote of Confidence
This is a landmark moment, marking IFC’s third consecutive investment in Everstone’s funds. Previous commitments include $50 million each to Fund III and Fund IV, along with a $10 million co-investment in the SaaS company Wingify.
“Together, we are building businesses that not only generate strong returns but also advance innovation, inclusion, quality job creation, and energy transition across emerging markets,” stated Sameer Sain, co-founder and CEO of Everstone Group.
Driving Sustainable Value Creation
IFC’s support extends beyond capital. The organization has actively assisted Everstone in enhancing its Environmental, Social, and Governance (ESG) framework. By adopting IFC’s Performance Standards, Everstone reinforces its commitment to sustainable value creation, responsible investing, and rigorous risk management practices.
Everstone Capital, the private equity arm of the group, specializes in control-oriented, mid-market investments across a diversified range of industries, including technology services, healthcare/pharma, consumer products, and industrials, making it a pivotal player in the region’s investment landscape.
By: Sandhya Bharti
