IFC commits $100 million to Everstone Capital
Well, the World Bank's investment arm just decided that throwing $100 million at a Singapore-based PE firm wasn't enough of a vote of confidence, so naturally they're committing even more capital to Everstone Capital's fifth fund. Apparently, when you've already backed mid-market bets across India and Southeast Asia with two prior $50 million commitments, the logical next step is to go all-in on a fund targeting an $800 million raise. Nothing says 'we believe in your strategy' quite like consistent, escalating capital deployment.[1][3]
Everstone Capital's latest $100 million commitment from IFC reflects a strategic partnership aimed at fueling mid-market growth across high-potential sectors in India and Southeast Asia.[1] The investment splits into $60 million earmarked specifically for Everstone's Fund V—which targets healthcare, pharmaceuticals, technology, consumer goods, financial services, and industrials—alongside $40 million reserved for co-investments.[1][3] This expanded collaboration builds on IFC's historical support, including prior investments in Everstone's earlier funds and notable co-investments like the $10 million backing of Delhi-based SaaS provider Wingify.[3] The partnership prioritizes job creation, economic resilience, and sustainable growth across emerging markets, with IFC maintaining dual roles as both capital provider and strategic advisor to the Singapore-headquartered firm, which currently manages $8 billion in assets under management.[1]
