
Atul Phull rejoins Everstone in business development role
Atul Phull, who left Everstone Group in 2018 after a seven-year stint spent primarily on fundraising activities, has rejoined the India and Southeast Asia-focused private equity firm.
He returns with the same job title – managing director – but will be based in Singapore rather than India. Everstone said in a statement that Phull would work closely with Sameer Sain, the firm’s co-founder and CEO, and Sanjoy Chatterjee, global head of business development and president of Americas, on strategic initiatives across business development and investor relations domains.
Phull told AVCJ: “I look forward to continuing my journey with Everstone in this new role. The firm has gone from strength to strength and I am keen to participate in its next chapter.”
Phull joined Everstone in 2011 and became head of business development five years later, taking responsibility for fundraising and investor relations. Before that, he worked for Guggenheim India, Credit Suisse, and ICICI Venture. His departure from the firm in 2018 was motivated by a desire to pursue entrepreneurial opportunities.
During Phull’s tenure, Everstone has expanded its business development team to include offices in New York, London, and Singapore. His exit prompted a reorganization of the firm’s global fundraising operation, with Chatterjee taking on his current role and several new hires globally. A year later, Suneel Kaji joined from University of Texas Investment Management (UTIMCO) to develop strategic relationships with large institutional investors.
Everstone has $5 billion in assets under management across private equity, real estate, green infrastructure, and venture capital. The firm closed its fourth private equity fund at $730 million in 2015. A successor vehicle is expected to launch in the first half of next year, according to industry sources.
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