TPG-led consortium to acquire Aseem Infrastructure Finance

TPG, an alternative asset management firm, has said that it will acquire 100 percent stake in Aseem Infrastructure Finance, alongside co-investor partners GIC and ICICI Bank. ICICI Bank will hold upto 5 per cent in the company.

TPG’s investment is being made through TPG Rise Climate, the firm’s climate investing platform, as part of its Global South Initiative.

Aseem Infrastructure Finance is a sustainable infrastructure debt financier with a focus on renewable energy, power transmission and other infrastructure assets in India.

The company was founded 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 ₹40,000 crore of loans across infrastructure sectors according to a TPG press release.