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Top Climate Investor in India Seeks to Raise a $1 Billion Fund


<-bsp-bb-link state=”{“bbHref”:”bbg://securities/1612339D%20IN%20Equity”,”_id”:”0000018f-8375-de3b-adcf-dbf78c670000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Eversource Capital-bsp-bb-link>, which closed India’s largest climate impact fund in 2022, is seeking to raise at least $1 billion as it scouts for companies to back in other Asian countries, according to its Chief Executive Officer.

“Water, food, agri-value chain and recycling will be the key themes the new fund will invest in,” <-bsp-person state=”{“_id”:”0000018f-8375-de3b-adcf-dbf78c680000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Dhanpal Jhaveri-bsp-person>, Eversource’s CEO said in an interview at his Mumbai office, without sharing a time line for the latest round of fund raising.

Dhanpal Jhaveri

Source: Eversource Capital

The climate-focused asset manager plans to tap new investors as well as the existing backers for its second fund. While …



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