Pentagreen Capital Fund Management Pte. Ltd., has announced the second close of the Green Investments Partnership (GIP), a flagship blended finance program under Singapore’s Financing Asia’s Transition Partnership (FAST-P), bringing the committed capital from $510 million to $800 million. Pentagreen Capital is a sustainable infrastructure debt financing platform established by HSBC and Temasek.
As one of the largest privately managed Asia-focused blended finance programs, the GIP is the first platform under the FAST-P initiative to reach closing. The latest partners joining the GIP at the second close include commercial capital providers DBS and Cathay United Bank, each entering into senior tranche lending arrangements with GIP, as well as a new industry partner joining the junior portion of the program. A number of existing partners also have increased their participation at second close.
Launched by the Monetary Authority of Singapore (MAS), FAST-P brings togethe
