ESG & Investing
Top Climate Investor in India Seeks to Raise a $1 Billion Fund
- Water and recycling among key themes new fund will invest in
- Eversource Capital backed seven firms through its earlier fund
Residents collect water with plastic containers in Manila, the Philippines.
Photographer: Geric Cruz/BloombergThis article is for subscribers only.
Eversource Capital, 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,” Dhanpal Jhaveri, Eversource’s CEO said in an interview at his Mumbai office, without sharing a time line for the latest round of fund raising.