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TPG : led consortium to acquire Aseem Infrastructure Finance, alongside co-invest partners GIC and ICICI Bank
TPG : led consortium to acquire Aseem Infrastructure Finance, alongside co-invest partners GIC and ICICI
About this update from Tpg Inc.
Press Release Share TPG-led consortium to acquire Aseem Infrastructure Finance, alongside co-invest partners GIC and ICICI Bank Jul.06.2026 Mumbai - July 6, 2026 - TPG, a leading global alternative asset management firm, today announced it has signed definitive agreements to acquire 100 percent stake in Aseem Infrastructure Finance ("Aseem" or the "Company"), alongside co-investor partners GIC and ICICI Bank. ICICI Bank will hold upto 5% in the Company. 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 and designed to scale climate solutions across emerging markets. Headquartered in Mumbai, Aseem Infrastructure Finance is a leading 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 over INR 40,000 Cr of loans across critical infrastructure sectors, funding over 27 GW of renewable energy projects, and ~2,000 ckms of power transmission projects, cumulatively abating ~33 million tons of greenhouse gas emissions. "Aseem has been a first-mover in India's sustainable debt financing space, having built a platform that is uniquely positioned to address the country's growing climate debt financing needs," said Sanjeev Mehra, Business Unit Partner at TPG Capital Asia. "We are excited about our investment and look forward to partnering with the management team to be a catalyst through funding climate solutions that drive energy addition and resilience in India, in line with the India government's target to reach 500 GW of renewable energy capacity by 2030." Nilesh Shrivastava, Partner, Growth Equity, NIIF said: "Aseem's growth journey reflects NIIF's ability to incubate and scale institutional-grade platforms, with strong profitability, governance and asset quality. This transaction underscores growing global investor confidence in India's sustainable infrastructure and climate financing market. We look forward to Asee...