EverSource Capital, a green infrastructure-focused investment platform formed by India- and Southeast Asia-focused private equity firm Everstone Capital and India- and U.K.-based solar energy company Lightsource BP, has reached a first close for the Green Growth Equity Fund (GGEF) with GBP240 million (approximately US$344 million) in capital commitments. The U.K. government and India’s government-backed National Investment and Infrastructure Fund have each committed GBP120 million (approximately US$172 million) to the fund. GGEF, which is targeting GBP500 million (approximately US$716 million) in total commitments, plans to invest in companies and projects involved in renewable energy, clean transportation, water and waste management and emerging technologies.