IFC Commits $60 Million to Everstone Capital’s New Fund to Back Mid-Market Growth in India and Southeast Asia

Everstone Capital has announced a fresh investment agreement with the International Finance Corporation (IFC), further deepening their long-standing partnership. The move reinforces IFC’s continued confidence in Everstone’s investment strategy and its track record of scaling high-quality businesses across India and Southeast Asia.

Under the agreement, IFC has committed $60 million to Everstone Capital Partners V (Fund V), the private equity arm of the Everstone Group. The fund will focus on mid-market companies across key sectors such as healthcare, technology, consumer goods, and financial services in India and Southeast Asia.

This latest commitment follows IFC’s earlier investments of $50 million each in Everstone’s Funds III and IV, along with a $10 million co-investment in Wingify, a global SaaS company. The partnership between the two institutions has played a crucial role in driving innovation, promoting sustainability, and fostering economic growth and employment generation across the region.

Commenting on the partnership, Sameer Sain, Co-founder and CEO, Everstone Group, said:

“Our long-standing association with IFC reflects a shared commitment to combining financial discipline with impact. From supporting our private equity platforms to investing in sustainable infrastructure, IFC has consistently engaged as both a capital provider and a strategic partner. 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.”

Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds, added:

“Mid-market companies are central to IFC’s strategy to advance job creation, economic resilience, and sustainable growth in India and Southeast Asia. Our partnership with Everstone is grounded in a shared mission to mobilise long-term private capital and drive innovation across priority sectors. By investing in Fund V, we aim to deliver lasting impact for business and communities across the region.”

Beyond capital infusion, IFC has also supported Everstone Capital in strengthening its ESG standards by adopting IFC’s Performance Standards, thereby reinforcing its focus on sustainable value creation, robust risk management, and impact measurement.