A consortium of TPG Rise Climate (USA's TPG's climate-focused fund), Singapore's sovereign wealth fund GIC, and ICICI Bank completed the acquisition of Aseem Infrastructure Finance Limited from the National Investment and Infrastructure Fund (NIIF). Aseem Infrastructure Finance, set up as an infrastructure debt financing NBFC, focuses on renewable energy, roads, and social infrastructure. This transaction reflects growing global interest in India's infrastructure debt market. NIIF was set up by the Government of India as a quasi-sovereign fund for infrastructure financing.
Science & Tech
TPG Rise Climate, GIC and ICICI Bank Acquire Aseem Infrastructure Finance from NIIF
Key Points
- A consortium of TPG Rise Climate (USA's TPG's climate-focused fund), Singapore's sovereign wealth fund GIC, and ICICI Bank completed the acquisition of Aseem Infrastructure Finance Limited from the National Investment and Infrastructure Fund (NIIF)
- Aseem Infrastructure Finance, set up as an infrastructure debt financing NBFC, focuses on renewable energy, roads, and social infrastructure
- This transaction reflects growing global interest in India's infrastructure debt market
- NIIF was set up by the Government of India as a quasi-sovereign fund for infrastructure financing
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• TPG Rise Climate + GIC + ICICI Bank: acquire Aseem Infrastructure Finance from NIIF (Jul 2026) • Aseem Infrastructure Finance: infrastructure debt NBFC (renewable energy, roads, social infra) • NIIF: National Investment and Infrastructure Fund; quasi-sovereign fund; GoI majority stake • GIC: Singapore's sovereign wealth fund; TPG Rise Climate: climate-focused infrastructure fund
