EverSource achieves US$741mn final close for Green Growth Equity Fund

Everstone Capital and Lightsource BP joint venture has completed the final close of India’s largest climate impact fund, Green Growth Equity Fund (the Fund), at US$741 million, making GGEF one of the largest single-country funds focused on Climate change, Mitigation, and Adaptation in the emerging markets.

The fund invests in and builds innovative, digitally empowered, rapidly scalable climate-positive businesses and platforms spanning renewable energy, energy efficiency, e-mobility, resource conservation, waste and water management, and associated value chains.

Beit Capital Advisors advised EverSource Capital during the fundraising process, whereas Kirkland & Ellis LLP, Withers KhattarWong LLP, and Nishith Desai Associates acted as legal counsels.