Eversource Climate Investment Partners — EverSource Capital | Wisefolio

Eversource Climate Investment Partners

India's Largest Dedicated Climate Investment Platform.

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Eversource Climate Investment Partners (IN/AIF2/24-25/1553) is a SEBI-registered Category II Alternative Investment Fund registered in July 2024 — the India onshore pooling vehicle for EverSource Capital's second climate fund, Eversource Climate Investment Partners II (ECIP II). EverSource Capital is India's largest dedicated climate investment platform, jointly promoted by Everstone Group and Lightsource BP. ECIP II targets USD 900 million across climate sectors including renewable energy, energy transition (grid efficiency and storage), electric mobility, circular economy, water management, and sustainable food and agriculture, primarily in India with a secondary focus on South and Southeast Asia. Fund I ('Green Growth Equity Fund') was a USD 741 million fund that deployed across renewable energy, EVs, and climate infrastructure. Major LPs in ECIP II include the US DFC, British International Investment (BII), and other development finance institutions. The fund is registered at the Everstone India office at C-5, First Floor, Block C, Defence Colony, New Delhi 110024 — the same address as the EverCred AIF, consistent with Everstone's shared India registered office.

Investment philosophy

EverSource Capital invests in operating companies solving critical climate change adaptation and mitigation challenges. The investment strategy replicates and scales Fund I's approach: backing businesses in renewable energy (solar, wind, green hydrogen), energy transition (grid efficiency, battery storage), electric mobility, circular economy, water management, and sustainable agriculture. EverSource believes climate investments in India represent the largest untapped opportunity in global private markets, driven by India's energy transition imperatives and the government's net-zero commitments. The platform combines Everstone's deep India private equity expertise with Lightsource BP's global renewable energy development capabilities, enabling both financial returns and measurable climate impact.

Team13

Deval Sanghavi

Co-CEO

Deval Sanghavi is Co-CEO of EverSource Capital. He previously led climate and clean energy investments at Everstone Group, where he co-founded the EverSource platform. He has deep expertise in renewable energy, energy storage, and sustainable infrastructure.

Roshan Bhojwani

Co-CEO

Roshan Bhojwani is Co-CEO of EverSource Capital, jointly heading the climate investment platform alongside Deval Sanghavi.

Anooshree Sinha

Managing Director - General Counsel

16+ years in PE, M&A, and investment funds. Previously counsel and partner at leading Indian law firms; worked with an international microfinance fund in Boston. Extensive experience structuring PE funds, co-managed structures, feeder funds, and AIFs. BA LLB (Hons) from NLSIU Bangalore; LLM from Harvard Law School. Admitted in India and New York.

Nick Boyle

Co-founder and ex-Group CEO of Lightsource BP

Paul McCartie

Co-founder and ex-Group Chief Investment Officer of Lightsource BP

Aditya Ghosh

Advisor

Independent Director - Greencell

Bahram Vakil

Advisor

Director - Eversource

Kuldip Kaura

Advisor

Chairman - Radiance

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/24-25/1553

RegisteredJul 2024 (2 years ago)

Valid untilPerpetual

Contact personAnooshree Sinha

AddressC-5, First Floor, Block C, Defence Colony, New Delhi 110024, New Delhi, National Capital Territory Of Delhi, 110024

Investment manager

Insights

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Disclaimer

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