Atul Phull, most recently head of business development for Guggenheim India, will be joining Everstone Capital, an India-focused investment manager, as VP - Business Development. He will work closely with Jason Breemen, who leads business development for Everstone. Breemen has recently been relocated to Everstone Singapore in a reorganisation. The business development group at Everstone comprises of four people overseeing investor relations, fund raising, investor communications and co-investment syndication.

Prior to Guggenheim, Phull had worked for Goldman Sachs in the US as well as for ICICI Ventures in India where he had a similar role.

Last week, in a large scale organisational rejig, Everstone Capital promoted nine of its employees to the position of managing director and also re-allocated some responsibilities for key senior people.

Everstone, co-founded by Sameer Sain and Atul Kapur, manages about $1.6 billion of assets under management across asset categories such as private equity and real estate. The firm has 110 employees and five offices.

Till now, it has invested in close to a dozen companies from its first fund. Some of its portfolio companies include Tikona Digital Networks Pvt Ltd (Alternative Carriers), Pan India Food Solutions (Restaurants), Percept Ltd, Centrum Capital Ltd (investment banking), Interarch Building (Building Products), Regen Powertech Pvt Ltd (heavy electrical equipment) and Nashik Vintners Pvt Ltd (Distillers & Vintners), among others.

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