The International Finance Corporation (IFC), part of the World Bank Group, has committed $60 million to Everstone Capital Partners V (Fund V), the private equity business of Everstone Group.
The Fund will invest in mid-market companies across healthcare, technology, consumer goods, and financial services in India and Southeast Asia.
This follows IFC’s investments in Everstone’s funds III and IV, at $50 million each, as well as a $10 million co-investment alongside Everstone in Wingify, a global Saas company.
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, said. “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.”
