Everstone Group

Everstone operates a platform structure where each vertical — Everstone Capital (private equity), IndoSpace (logistics), Eversource Capital (climate), Evercloud (digital infra), and DSG Consumer Partners (venture) — has its own leadership and investment committee. The firm does not publicly name a group-level CIO. Deepak Shahdadpuri is the named partner leading the venture platform DSG Consumer Partners.

Everstone’s control-and-build private equity strategy relies on proprietary origination in the Indian mid-market. The logistics arm IndoSpace functions as an operating company, developing and owning assets directly rather than acquiring third-party portfolios. The climate platform Eversource Capital originated through a structured partnership with the founders of Lightsource BP, giving it a dedicated project pipeline in sustainable infrastructure.

Everstone primarily makes direct control and growth investments, especially in its private equity, logistics, and digital infrastructure verticals. The venture platform DSG Consumer Partners operates as a traditional VC fund structure backing early-stage consumer companies, meaning the group has exposure to both direct control deals and minority fund commitments depending on the vertical.

The private equity business targets mid-market buyouts and expansion capital. The logistics and digital infrastructure arms focus on asset-level development and project finance. DSG Consumer Partners targets early-stage and venture investments. Across the group, Everstone covers early stage, growth, buyout, and turnaround situations, primarily in India and Southeast Asia.

Everstone’s disclosed verticals cover private equity, sustainable infrastructure, logistics, digital infrastructure, and venture. The group does not publicly list any sectors it explicitly excludes. The venture platform is sector-specialized in consumer, while the remaining platforms concentrate on industrials, healthcare, real assets, and technology infrastructure.

Everstone Group is not a single-family office and does not manage a disclosed family fortune. The firm operates as an asset manager raising third-party capital. The founding principals and ultimate ownership structure have not been publicly detailed by the firm.

Everstone Capital acquires controlling stakes and typically leads deals, but the group does co-invest alongside institutional partners. Ontario Teachers’ Pension Plan’s acquisition of the Sahyadri Hospitals stake indicates Everstone had held the asset in a control position before selling to a co-investor. The Eversource Capital platform itself is a co-investment-style partnership with Lightsource BP’s founders.