Everstone reorganizes fundraising teams
India and Southeast Asia-focused private equity firm Everstone Group has reorganized its global fundraising operation following the departure of managing director Atul Phull.
The reorganization includes the appointment of COO Sanjoy Chatterjee as head of business development. He will also serve as president of the firm’s operations in the Americas, with Taylor Lawrence joining Everstone’s newly opened New York office as managing director of business development for the region. Lawrence was previously the head of marketing and investor relations at New York-based PE firm Wellspring Partners.
Other appointments include Navneet Maheshwari as executive director of business development for the Middle East and Asia Pacific and William Stadlen as head of business development in Europe based out of the firm’s London office.
Phull recently departed Everstone to pursue entrepreneurial opportunities after working with the firm for seven years, including two as head of business development. During his tenure, Everstone expanded its overseas operations in order to be closer to its international investors. The firm now has offices in Singapore, Mauritius, London and New York, along with three offices in India.
Currently, Everstone has assets under management of about $4 billion and is investing its third fund, which closed in 2015 at $730 million. The fund pursues control and growth capital deals for Indian and overseas businesses that benefit from rising Indian domestic consumption.
More on South Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.