IFC invests $60 Mn in Everstone Capital’s Fund V

The International Finance Corporation (IFC) has invested $60 million in Everstone Capital Partners V (Fund V), the latest private equity fund of Everstone Group, further strengthening its long-standing partnership with the firm.

The investment reflects IFC’s continued confidence in Everstone’s strategy of backing mid-market businesses across India and Southeast Asia. Fund V will focus on high-growth sectors including healthcare, technology, consumer goods, and financial services.

This marks IFC’s third consecutive investment with Everstone, following $50 million commitments each to Funds III and IV and a $10 million co-investment in 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,” said Sameer Sain, co-founder and CEO of Everstone Group.

In addition to capital, IFC has supported Everstone in strengthening its ESG framework through the adoption of IFC’s Performance Standards, reinforcing the firm’s focus on sustainable value creation and rigorous risk management.

Everstone Capital, the private equity arm of Everstone Group, focuses on control-oriented, mid-market investments across technology services, healthcare and pharma, consumer, financial services, and industrials.