Singapore-based private equity firm Everstone Capital plans to raise USD 800 million to USD one billion in its next fund, and deploy significant capital along with co-invest partners over the next four to five years.

The predominantly India-focused PE company, plans to close around eight to 10 deals of roughly USD 100 million size each. Over the last six years the firm has invested around USD 3.1 billion in private equity, including co-invests, and returned around USD two billion. The Everstone Group has total active assets under management of USD seven billion.

Everstone’s investee companies are mid-market companies, where the focus is on control transactions. Around 70-80 per cent of Everstone’s investments are in the healthcare and technology sector, along with investments in financials, consumer, and industrials. Its existing portfolio companies include Pharmeasy, Everlife, logistics and warehousing company Indospace, among others.