TPG Rise Climate, GIC, and ICICI Bank acquire 100% stake in Aseem Infrastructure Finance

Type: Acquisition · Technology: Renewable Energy, Transmission · Country: India · Announced: 2026-07-07

A consortium led by TPG Rise Climate, alongside co-investors GIC and ICICI Bank, agreed to acquire a 100% stake in Aseem Infrastructure Finance, a Mumbai-based sustainable infrastructure debt financier. The transaction is executed through TPG’s Global South Initiative, a climate-focused strategy launched in partnership with ALTÉRRA to expand climate solutions in emerging markets. Aseem specializes in financing renewable energy and power transmission projects, having disbursed over INR 40,000 Crore ($4 billion) in loans to date, supporting 27 GW of renewable energy capacity and 2,000 circuit kilometers of transmission lines. The acquisition aligns with India’s target to achieve 500 GW of renewable energy capacity by 2030, with Aseem’s portfolio already abating approximately 33 million tons of greenhouse gas emissions. TPG Capital Asia’s Sanjeev Mehra highlighted Aseem’s role as a pioneer in India’s sustainable debt financing space, emphasizing its potential to drive energy transition and resilience.

Counterparties

Source article