IFC commits $60M to Everstone Capital’s Fund V to invest in mid-market companies

Everstone Capital, the private equity arm of the Everstone Group, announced on Tuesday that it has received a $60 million investment commitment from the International Finance Corporation (IFC).

IFC, part of the World Bank Group, is a UN agency that supports private sector growth in developing countries. The fund will invest in mid-sized companies in sectors such as healthcare, technology, consumer goods, and financial services across India and Southeast Asia.

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This investment follows IFC’s earlier commitments of $50 million each in Everstone’s Fund III and Fund IV, as well as a $10 million co-investment in Wingify, a software-as-a-service (SaaS) company.

“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,” said Sameer Sain, Co-founder and CEO, Everstone Group.

“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,” said Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds.

The partnership with IFC also includes support for Everstone Capital to enhance its environmental, social, and governance (ESG) practices and align with IFC’s performance standards.

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Headquartered in Singapore, Everstone Capital manages assets worth $3.5 billion and focuses on mid-market investments across high-growth sectors.

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