EverSource Capital has raised $340m-$350m of a targeted $700m for its Green Growth Equity Fund. The fund will invest in companies that are looking to grow their business by using green technologies and renewable energy. 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.
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.