Everstone set to close $550m fund
Indian PE firm Everstone Capital Partners is set to close its second fund at its planned $550 million corpus despite an influx of investor interest that has led to the vehicle’s oversubscription, an investor close to the vehicle confirmed to AVCJ.
The $550 million figure is the vehicle's decided hard-cap, the source added, but to meet the "heavy demand" for investments, LPs may readjust their contributions in order to accommodate the number of investors....
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