A consortium led by TPG has agreed to acquire a 100 percent stake in Aseem Infrastructure Finance alongside co-investor partners GIC and ICICI Bank.
TPG’s investment is being made through TPG Rise Climate, the firm’s dedicated climate investing platform, as part of its Global South Initiative, a strategy that was launched in partnership with ALTÉRRA to scale climate solutions across emerging markets.
Headquartered in Mumbai, Aseem Infrastructure Finance is a sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. The company was founded and scaled from inception in 2020 by the National Investment and Infrastructure Fund (NIIF), India’s sovereign-anchored alternative asset manager. NIIF is the company’s majority shareholder, with the government of India and SMBC Japan as minority shareholders.
To date, Aseem has disbursed more than INR 40,000 Crore ($4 million) of loans
