Mumbai: Everstone Capital has announced a renewed collaboration with the International Finance Corporation (IFC), marked by a $60 million investment commitment to Everstone Capital Partners V (Fund V).
This strategic move reinforces IFC’s continued trust in Everstone Capital’s proven investment expertise and its ability to scale high-quality businesses across India and Southeast Asia.
IFC commits $60 million to Everstone Capital Fund V
The $60 million investment in Everstone Capital Fund V will target mid-market companies in high-growth sectors including healthcare, technology, consumer goods, and financial services.
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The Fund aims to create sustainable long-term value by fostering innovation, expanding market access, and generating inclusive economic growth across the region.
This investment marks IFC’s third consecutive fund commitment to Everstone Capital, following earlier $50 million contributions to Funds III and IV. Additionally, IFC co-invested $10 million alongside Everstone in Wingify, a global SaaS company.
The sustained collaboration has significantly contributed to advancing sustainable practices, innovation-driven entrepreneurship, and job creation across emerging markets.
Long-term partnership driving sustainability and impact
Commenting on the deepened alliance, Sameer Sain, Co-founder and CEO of Everstone Group, said, “Our long-standing partnership with IFC reflects a shared commitment to combining financial discipline with impact. From supporting private equity initiatives to investing in sustainable infrastructure, IFC has consistently served as both a capital provider and strategic partner.
Together, we are building enterprises that generate strong returns while advancing innovation, inclusion, quality employment, and the energy transition across emerging markets.”
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Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds, emphasized the critical role of mid-market companies in driving regional development. “Mid-market enterprises are central to IFC’s strategy to enhance job creation, economic resilience, and sustainable growth in India and Southeast Asia.
Our partnership with Everstone is built on a shared mission to mobilize private capital and drive innovation across key sectors. Through Fund V, we aim to deliver lasting impact for businesses and communities alike,” he stated.
Strengthening ESG and governance standards
Beyond financial commitments, IFC has supported Everstone Capital in strengthening its ESG (Environmental, Social, and Governance) practices through the adoption of IFC’s Performance Standards.
