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15 Sep 2015

Everstone closes its third private equity fund at $730 million


Mumbai, September 15, 2015 – The Everstone Group is pleased to announce the final close of Everstone Capital Partners III at $730 million. This fundraising comprises $700 million of LP capital from leading institutional investors, and an additional $30 million commitment from Everstone and its affiliates. Institutional demand significantly exceeded capacity, resulting in the fund closing at its hard cap.

Investors who had backed Everstone previously committed the majority of the capital, either maintaining or increasing their commitment sizes. A select number of new marquee LPs also joined. Over 50% of the capital came from North America, while Europe constituted approximately 37%. The investors are well diversified, and include significant public pension plans, insurance companies, endowments and select asset managers.

Sameer Sain, co-founder and co-Managing Partner of the Everstone Group, commented: “We are very grateful for the continued trust and support our investors have shown our institution. With multiple offices and a large talented and experienced team, we intend to continue with our proven strategy of building exceptional businesses in India and a few other select and targeted geographies.”

Campbell Lutyens acted as exclusive global placement agent and Akin Gump acted as lead counsel.

About The Everstone Group
The Everstone Group is a premier India and Southeast Asia focused private equity and real estate investment firm with assets under management of $3.3 billion. Headquartered in Singapore, Everstone has nearly 200 people working across five offices including Mumbai, Delhi, Bangalore and Mauritius. Everstone has been awarded ‘Private Equity Firm of the Year in India’ by Private Equity International for four consecutive years.