Background and Our Funds

Founded in 2018 and based in Mumbai, EverSource’s launch fund is the Green Growth Equity Fund (GGEF), established in partnership with India’s National Investment and Infrastructure Fund (NIIF) and the UK government.


EverSource recognizes that its role as an investor affords it the opportunity to promote responsible environmental stewardship and socially responsible development, including fulfilling its responsibility to respect human rights. We recognize the importance of climate change, biodiversity, and human rights, and believe negative impacts on project-affected ecosystems, communities, and the climate should be avoided. If these impacts are unavoidable they should be evaluated in a thoughtful manner with the goal to minimize, mitigate, and/or offset negative impacts. EverSource seeks to ensure that the companies and projects we finance are developed in a manner consistent with the foregoing and that is a socially responsible investment partner reflecting sound environmental management practices.

India’s National Investment and Infrastructure Fund (NIIF)


The NIIF is India’s first sovereign investment fund, seeking to create long-term value for both domestic and international investors. The fund deploys capital into energy, transportation, housing, water, waste management and other infrastructure-related sectors in India. A joint venture by the Indian government and external investors, the NIIF works closely with policy-makers and central and state government agencies, while the commercial investors promote a professional, principles-led approach to all investments.

UK Government


The UK government has committed to invest £120 million in the GGEF as an anchor investor alongside £120m from India’s National Investment & Infrastructure Fund (NIIF). These anchor investment commitments are intended to catalyse additional finance from the City of London, India and elsewhere for green infrastructure projects in India.  UK and other companies will be able to bid for infrastructure projects financed by the GGEF.

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