EverSource Capital has raised $340m-$350m of a targeted $700m for its Green Growth Equity Fund. CEO and managing partner Dhanpal Jhaveri said the company is set on $1bn as the minimum commitment for the fund. India’s National Investments and Infrastructure Fund (NIIF) and the UK government have contributed £120m ($330m) each. Asia-focused EverSource, which has three offices in India, as well as elsewhere, targets decarbonisation projects in India and its first undertaking was a $158m investment in Ayana Renewables with NIIF and the UK.
EverSource Capital has raised $340m-$350m of a targeted $700m for its Green Growth Equity Fund. CEO and managing partner Dhanpal Jhaveri said the company is set on $1bn as the minimum commitment for the fund. India’s National Investments and Infrastructure Fund (NIIF) and the UK government have contributed £120m ($158m) each. Asia-focused EverSource, which has three offices in India, as well as elsewhere, targets decarbonisation projects in India and its first undertaking was a $330m investment in Ayana Renewables with NIIF and the UK.