Private Equity Firm TPG, Singapore's GIC and ICICI Bank Acquire Aseem Infrastructure Finance for ₹5,000 Crore

Mumbai: Global Private Equity Firm TPG Acquires 100% Stake in Aseem Infrastructure Finance

Mumbai-based Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier, has been acquired by global private equity firm TPG, along with GIC and ICICI Bank. The transaction is valued at approximately ₹5,000 crore, according to a person with direct knowledge of the matter.

In the deal, TPG and GIC will hold 65% and 25% stakes in the non-banking financial company (NBFC), respectively, while ICICI Bank will own 5%. The remaining 5% will be allocated to employee stock options (ESOPs). Notably, TPG made the investment through TPG Rise Climate, its dedicated climate platform, as part of the Global South Initiative, which was launched in partnership with ALTÉRRA to scale climate solutions across emerging markets.

Aseem Infrastructure Finance is a significant player in India's sustainable debt financing space, having built a platform that addresses the country's growing climate debt financing needs. The investment aims to drive energy capacity addition and resilience, aligning with India's target to reach 500GW of renewable energy capacity by 2030.