International Finance Corporation, a member of the World Bank Group, has committed $60 million to private equity (PE) firm Everstone Capital Partners’s Fund V, per an announcement.
This follows IFC’s earlier investments of $50 million each in Everstone’s Funds III and IV, as well as a $10-million co-investment alongside Everstone in Wingify, a global SaaS company.
Everstone’s Fund V is set to invest in mid-market companies across healthcare, technology, consumer goods, and financial services in India and Southeast Asia.
“Mid-market companies are central to IFC’s strategy to advance job creation, economic resilience, and sustainable growth in India and Southeast Asia,” said Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds.
This alliance has actively been instrumental in spurring innovation, establishing sustainability benchmarks, and generating tangible economic growth and job creation, the firms jointly said in a statement.
“From supporting our private equity platforms to investing in sustainable infrastructure, IFC has consistently engaged as both a capital provider and a strategic partner,” said Sameer Sain, co-founder and CEO, Everstone Group.
“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.”
Headquartered in Singapore, Everstone Capital has $3.5 billion in AUM. With seven global offices, the firm focuses on control-oriented, mid-market investments in high-growth sectors including technology services, healthcare and pharmaceuticals, consumer, financial services, and industrials.
Its platform-building approach combines operational expertise with strategic capital to unlock sustainable value and drive long-term growth.
