Eversource Capital, the Indian climate impact fund, is seeking to raise at least $1 billion to invest in companies across Asia. The fund will focus on themes such as water, food, agriculture, and recycling, with a particular emphasis on India and expanding into countries like Indonesia, the Philippines, Vietnam, and Bangladesh. Eversource’s team is actively looking for projects and companies that align with their climate mitigation and adaptation goals. The fund aims to provide an annual return of over 20% on equity investments, acting as a feeder to global investors and private equity firms.